Dating App Once Raises EUR 5M

IT ESPRESSO - May 23 - Once, a dating app that offers only one match per day, specially selected by a team of matchmakers, has raised EUR 5M in its latest round of funding from LG Capital and Partech Ventures. Once will use the funds to strengthen the product.

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Summarized by the Courtland Brooks team

Comments

[Mark Brooks]

Less is more. Singles are drowning in their sheer choice of dating apps, and single users, and crippled by that choice.

I think a carefully construed algorithm will run rings around a human matchmaker. I'm not buying that they're just using a human matchmaker. A combination of algorithm and human could win out in the high-end dating app space.