TECH.EU - London-founded video dating app The Sauce has raised £1.25M in a seed funding round. The funding will be used to continue further development of the app. Founded in 2020 by serial entrepreneurs Emma Clark and Sachin Karia, The Sauce officially launched in May 2021.
by Dan Taylor
See full article at Tech.eu
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GLOBE NEWSWIRE - VIPC's Virginia Venture Partners invests in CarpeDM, a membership only dating platform and matchmaking service dedicated to connecting professional Black women with other singles seeking meaningful relationships. This funding, through the Virginia Founders fund, will be used to fuel the company's customer acquisition strategy. CarpeDM is one of the only dating apps on the market that conducts 100% background checks for all of its members in partnership with KarmaCheck. Virginia Venture Partners, formerly CIT GAP Funds, is the equity investment program of VIPC that makes seed-stage equity investments in Virginia-based technology, clean energy, and life science companies with a high potential for achieving rapid growth and generating a significant economic return.
See full article at Globe Newswire
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INC42 - Bengaluru-based gamified audio-based romance and friend discovery startup FRND has raised $6.5M in a Series A round led by South Korean gaming giant and PUBG maker KRAFTON. Existing investors India Quotient and Elevation Capital also participated in the round. The funds will help FRND to expand its vernacular availability, strengthen the technology ecosystem and grow its global footprint.
by Laxitha Mundhra
See full article at INC42
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PROLIFICNORTH - SaferDate will receive the cash from investors including the newly formed Women Angels of the North syndicate, launched by Fund Her North. It will be the first project to get backing from the Women Angels of the North group, which was established to ensure that more money goes directly into female-founded businesses and women entrepreneurs. The money will be used to develop the app, which was launched earlier this month by Elaine Parker. SaferDate promises a protected, and secure dating environment for women.
by Stephen Chapman
See full article at ProlificNorth
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GRIT DAILY - XOXO is a new gamified dating app. Launched in July 2021, it has reached ~100K downloads on App Store and Google Play and claims 35K monthly active users. Earlier this year, the company closed its Series A financing, having raised $5M.
See full article at Grit Daily
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HUNGARY TODAY - Dating Central Europe Zrt. (DACE), the parent company of top Hungarian dating app Randivonal, and investor Russmedia Equity Partners, are expanding abroad with the acquisition of Mötesplatsen, a premium dating site based in Sweden and Norway. The company aims to create a European network, and an important step in this direction is to buy platforms like the current one in the future. By operating the Hungarian Randivonal and Mötesplatsen in the European dating market, the DACE will now be present in six countries, with $7.8M in consolidated revenue.
by Júlia Tar
See full article at Hungary Today
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MEAWW - Kevin O'Leary has a new nickname - The Litter King. The famous Shark on 'Shark Tank' gave himself his latest nickname after closing a deal with the founders of Tabby, a dating app for cat lovers for $300K. Sterling Davis, Leigh Isaacson, and Nathan Kehn of Tabby stepped into the tank seeking $300K for a 20% stake.
by Sushma Karra
See full article at Meaww
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TECH CRUNCH - Heart to Heart has raised the pre-seed round of $750K. "The main thing we are trying to accomplish with the $750K is to focus on building our iOS app, and making LA our first launch market," says CEO Joshua Ogundu. "Dating is such a local experience, and it makes sense to us to build and improve locally, then scaling it up from there."
by Haje Jan Kamps
See full article at Tech Crunch
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TECH IN ASIA - Fika was founded in 2020 by Denise Sandquist and Oscar Xing Luo who have professional backgrounds in finance and AI. It focuses on improving women's experiences in meeting people online. After signing up, all users must pass a verification check. Once they're in, users can look through AI-suggested matches based on their interests. Fika will use the new funds to expand its team, improve its AI, and grow its user base in Vietnam. The app is tailored to Vietnam, where it has 750K downloads and 40% of its users are women.
by Roehl Niño Bautista
See full article at Tech in Asia
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PR NEWSWIRE - The Intro, the Dating App for Busy Professionals which was backed by the VC fund Global Founders Capital, has been acquired by Venntro Media Group. The Intro focusses on giving users dates, not swipes. When users match with someone on The Intro, they can be on a video date within hours. As part of the acquisition, The Intro's co-founder George Burgess will become an Advisor to Venntro Media Group to support their growth into niche dating, social discovery and live streaming apps. Launched in 2003, Venntro.com is the company behind WhiteLabelDating.com, which provides dating software, payment processing, and customer support to marketers who want to run their own dating site.
See full article at PR Newswire
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