Dating Group's Plans for $50M Venture Fund

EINPRESSWIRE - Apr 28 - Dating Group, the parent company of Dating.com, DateMyAge, Promise, Tubit, ChinaLove, and Dil Mil, closed a $50M corporate venture capital fund in 2020 to continue investing in services and IT companies that meet their mission. By the end of Q1 2021, Dating Group acquired a "slow dating" app, Once, for $18M. This was 14 months after Dating Group acquired Dil Mil, the growing app used by South Asian expats to meet in the U.S. "Our strategy includes acquiring innovative companies with a differentiated product-market fit and building products that will create a more robust ecosystem of social discovery," said KJ Dhaliwal, Chief Strategy Officer of Dating Group.

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