LINKEDIN - Breeze is a new dating app based in the Netherlands. The app, which encourages offline dates, has recently raised €1.3M. Breeze's users cannot chat but can immediately plan a date with their matches via the app.
BUSINESS INSIDER - Investors include Chris Kaufman, the co-founder of the sneaker marketplace StockX, and Kevin Edwards, the CEO of the Canadian food-delivery service SkipTheDishes, along with several angel investors. The app, expected to launch early next year, aims to cater to Gen Z, with the possibility for users to video chat, play games, and send each other virtual gifts. The app has brought on the Internet star Cameron Dallas, who rose to fame in the early 2010s on the short-form video app Vine and now has ~25M Instagram followers. He previously co-founded a subscription platform called Fanfix. SuperOrdinary, a beauty accelerator, acquired Fanfix in July in an eight-figure deal.
DUA.COM - Headquartered in Zurich, dua.com initiated its operations in late 2019. It started by reconnecting Albanians, its first globally fragmented community with a large diaspora. With an initially small team, dua.com joined numerous incubators in Europe and the U.S., namely the Harvard Innovation Labs, Uplift Europe, and Innovation Centre Kosovo. dua.com connects international migrants, expats, and diaspora communities. It has acquired the German dating app 'Spotted.de', and combined the platforms - dua.com and Spotted.de - have 5M registered users. The company completed Seed and Series A rounds, raising a total of $4.9M.
B&T - The $2.2M funding announcement follows Ziinkle's acceptance into the world-renowned Newchip Accelerator Program, where the tech startup was chosen out of over 1K applicants. Launched in March 2022, Ziinkle gets people meeting in real life by providing real-time information about which venues are buzzing with singles.
SMART COMPANY - Urban Swan is a Gen Z dating startup based in Australia, that partners with Sydney and Melbourne vendors to provide users with unforgettable date experiences. Currently focused on Sydney, the cash injection will help fund its expansions to other major Australian cities in 2023. Urban Swan was founded in 2021. It taps into the 'experience economy' that has become increasingly popular with millennials and gen Z thanks to TikTok and Instagram.There has been a demand for interesting and fun experiences that go beyond bars and restaurants. Urban Swan cited some of its most popular dates include axe throwing, pottery classes and infrared saunas. According to Urban Swan, 72% of the customers are aged 18-35 and they're spending an average of $150 per experience.
LINKEDIN - FITFCK is a dating app that allows users to filter potential dating or training partners by fitness level, gender, sexuality, location and age. The app was launched in 2018 by Jamie Wykes-Hobday.
SCMP - Asia Innovations Group (ASIG), the tech start-up behind live streaming service Uplive and dating app Lamour, is set to become a publicly listed company on the New York Stock Exchange through a merger with Magnum Opus Acquisition. The acquisition is expected to close in the Q1 of 2023. The estimated value of the company once merged is $2.5B. Existing shareholders of ASIG will own 84% of the combined company. In 2020 the company nearly doubled its registered users to 312M, further increasing that to 400M as of Dec 2021. Revenue grew 100% YOY in 2021.
PR NEWSWIRE - CarpeDM has closed its oversubscribed pre-seed financing round, bringing total capital raised by the early stage startup to $1.054M. CarpeDM is a tech-enabled matchmaking service and video-based dating app designed to help professional Black women, and all those seeking to date them, find love. The app is currently available in the Washington D.C. area.
STANFORD DAILY - Marriage Pact, a research-based matchmaking company founded at Stanford, received $5M in seed funding. The service is active on 60 college campuses. The Marriage Pact closed the deal this September, joining Bain's $10 billion portfolio of assets under management. The Marriage Pact releases an annual survey for college students with 50 questions. Marriage Pact's software then algorithmically pairs respondents to maximize their compatibility.
LAW360 - FoxWayne has entered into a definitive agreement to combine with dating app Clover for $157.45M in share consideration. Clover is a dating app aimed at Gen Z and millennials with live streaming and other social features. FoxWayne brings ~$13.7M in cash into the deal.