TECH CRUNCH - Feb 15 - VC investment in the online dating space declined over the past year, with smaller average rounds and fewer funded companies, according to Crunchbase company profile data. U.S.-based online dating startups saw ~$7M funding in the past 12 months. Globally, disclosed venture, seed and growth funding totaled ~$47M for the past 12 months, down from 280$ in the prior 12 months ($240M went to Baihe). Over the past two years, the largest funding rounds by far for dating startups have gone to Chinese companies.
by Joanna Glasner
See full article at Tech Crunch
Mark Brooks: Now the VC money is drying up dating apps will have to fend for themselves. It's time for profit over growth. 2017 will be a shakeout year.
This post also appears on InternetDatingInvestments.
Summarized by the Courtland Brooks team
