ALLEYWATCH - Aug 7 - Once is a new dating app that analyzes users' profile and picks one match per day for them. The startup has recently raised $3.5M.
Q: Who were your investors?
A: A couple of big European business angels and one VC fund: Partech Ventures.
Q: Tell us about your product.
A: Once a day, we send one professionally handpicked match to our members. Rather than focusing on volume, we put all of our efforts in one person.
Q: What inspired you to start the company?
A: I-UM, the #1 South Korean dating app that invented this concept.
Q: What market you are targeting and how big is it?
A: We are currently focusing on the US, France and the UK. Targeting 18-50 years old that are single and looking.
Q: What’s your business model?
A: It’s a Freemium model. The daily matches and communication is free.
Q: What factors about your business led your investors to write the check?
A: Thanks to Tinder, it seems that the dating app industry is really hot right now.