FORTUNE - Amanda Bradford, the founder of the exclusive dating app The League, sold her startup to Match Group for $29.9M. Bradford, who raised $2.2 M in seed funding and was the solo founder, became more risk-averse over time, prompting her decision to sell. She chose Match Group, impressed by their track record with Hinge, to avoid the negative experiences she'd heard about from venture funding or private equity acquisitions. Now within Match's portfolio, The League remains relatively autonomous and aims to innovate as a hybrid online-offline platform. Post-pandemic, with a new marketing budget, Bradford plans to reintroduce the app, particularly to Gen Z users who are currently unfamiliar with The League.
by Emma Hinchliffe & Joseph Abrams
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