Internet Dating Investments

Dating Group Acquires Cupid Media for $51M

MOBILE MARKETING MAGAZINE - July 28 - Dating Group has acquired Cupid Media, an international dating company with 33 websites and a global presence for $51M (£36.77M). Cupid Media's portfolio consists of 11 core sites, including AsianDating, LatinAmericanCupid, Muslima, FilipinoCupid, ThaiCupid, and InternationalCupid. Together, the sites will boast an average of 7M monthly active users. Dating Group expects to increase its revenue to $300M.

by Gabby Fernie
See full article at Mobile Marketing Magazine

This post also appears on OnlinePersonalsWatch

Matrimony.com to Acquire Leading Wedding Services Aggregator ShaadiSaga

APN NEWS - July 7 - Matrimony.com, India's leading online matrimony company, has signed definitive agreements to acquire a 100% stake in Boatman Tech Private Limited, promoters of ShaadiSaga.com (a Delhi-based fast-growing online wedding services company) as approved by its Board of Directors. Founded in 2015, ShaadiSaga is a leading player in the Wedding Services industry, with 40K vendors across multiple services and catering to customers across 15 major cities in the country. Following this acquisition, ShaadiSaga's founders - Himanshu Kapsime (CEO) and Manish Garg (COO), along with another key leader - Niraj Patel (CPO) will join Matrimony.com in senior leadership roles.

See full article at APN News

This post also appears on OnlinePersonalsWatch

Krafton Acquired Chatbot Entertainment Startup 'ThingsFlow'

KOREATECHDESK - July 5 - Krafton, the Korean gaming startup behind mobile game PlayerUnknown's Battlegrounds (PUBG), bought a 'chat entertainment content' startup Thingsflow, and in May 2021, it had acquired 'Between', a Korean dating app from Socar subsidiary mobility startup VCNC.

See full article at KoreaTechDesk

This post also appears on OnlinePersonalsWatch

Dating App Thursday Raises $3.5M

TECH CRUNCH - June 28 - Thursday, a dating app that only works on Thursdays, has raised a £2.5M (~$3.5M) seed investment, a few months after launching in May in London and New York. Last Thursday (June 17) it says that 110K likes were sent, resulting in 7,500 matches in a single day. The app opens for usage at 00.01 each Thursday morning so swiping is compressed into a few hours. All matches and conversations vanish at midnight. Hence users are pushed to act quickly. Matches are also limited to x10 people a day. The plan for the seed funding includes hiring a head of growth and a head of marketing, in addition to other senior roles and a number of tech hires - and coming up with what they dub as a "six figure marketing strategy".

by Natasha Lomas
See full article at Tech Crunch

This post also appears on OnlinePersonalsWatch

Iceland's Dating App, Smitten, Raised $2.7M

SIFTED.EU - June 18 - Smitten, a dating app from Iceland, has raised $2.7M to expand in Europe, and to woo Gen Zers (people born between 1997 and 2015) with a dating app that mixes gaming, entertainment and flirting. Most Smitten users are 25 or younger, and roughly 20% are 18 years old. The company says it will use the investment to launch in the Nordics in late August or early September. Smitten's round was led by early-stage firm byFounders, with participation from PROfounders, Inventures, Brunnur Ventures, Tiny.vc and several angel investors. As part of the round, wine app Vivino founder Heini Zachariassen and PROfounders's Joe Bond will join the board.

See full article at Sifted.eu

This post also appears on OnlinePersonalsWatch

Bhad Bhabie and Lil Yachty Invest $1M in Jewish Dating App

TIMES OF ISRAEL - June 7 - Rappers take a stake in 'Lox Club,' a Jewish dating app for people 'with ridiculously high standards'. The two rappers have made the $1M investment in partnership with Adam Kluger, an agent for musical artists. Kluger was Bhad Bhabie's manager and partners with Lil Yachty on investments. The dating app has an application process and a membership fee, and members work with a matchmaker.

by Ben Sales
See full article at Times of Israel

This post also appears on OnlinePersonalsWatch

London-based Paired Lands €2.9M

EU STARTUPS - May 26 - Paired, a leading app to improve romantic relationships, has raised €2.9M in seed funding, bringing the total raised by the company to date ~€3.7M. Paired is a fun, evidence-based app that prompts daily conversations between partners. Since launching in October 2020 it has ~5K paying subscribers, with growing audiences in the US, UK, Australia, and Canada. The investment will accelerate the company’s global growth ambitions and scale up its product development efforts, giving users personalised recommendations based on their relationship interests and needs.

by Charlotte Tucker
See full article at EU Startups

This post also appears on OnlinePersonalsWatch

Meet Schmooze, a Meme-Based Dating App

TECH CRUNCH - May 26 - Schmooze combines machine learning and memes to connect people based on humor algorithm. A beta test in late summer with 200 Stanford students has since led to 10K downloads around the country. Currently ~200 memes are added each day, while others are deleted. 90K matches have been made to date. It recently closed on $270K in seed funding from Ulu Ventures and others to tinker with its product.

by Connie Loizos
See full article at Tech Crunch

This post also appears on OnlinePersonalsWatch

Y Combinator-backed Matchmaking Startup Betterhalf.ai Raises $3M

YOUR STORY - May 26 - BetterHalf.ai, the AI-driven matrimonial app, has raised $3M in a pre-Series A round. The startup will use the funding to boost its app engagement, build monetisation features, and product discovery across organic channels, it said in a statement. Earlier, Betterhalf.ai had raised a $2.3M seed round from Y Combinator, Tribe Capital, Nurture Ventures, and Saurabh Garg (Founder/CBO, NoBroker) and Shailesh Rao (Ex-MD of Google India, former Partner, TPG Capital). Founded in 2016 by MIT graduate Rahul Namdev and serial entrepreneur Pawan Gupta, the AI platform uses predictive analysis to help professionals find a match through compatibility scores based on relationship dimensions and their interactions on the product.

by Sindhu Kashyaap
See full article at Your Story

This post also appears on OnlinePersonalsWatch

Dating Group Completes DilMil Acquisition

PRESS RELEASE - May 24 - Dating Group, the parent company of Dating.com, DateMyAge, XOXO, Tubit, ChinaLove, and DilMil, has completed the acquisition of DilMil and plans a major expansion of its operations within India. In 2020, Dating Group signed the terms of the acquisition with DilMil investors and its founder, KJ Dhaliwal. Upon completion of the acquisition, Mr. Dhaliwal joined Dating Group and was appointed Chief Strategy Officer. Since the acquisition a little more than a year ago, DilMil has seen a 50% growth and a 38% increase in active users.

See full article at EinPresswire

This post also appears on OnlinePersonalsWatch