Online Personals Watch: News on the Online Dating Industry and Business

VCs' Are Positive About Online Dating Turning Into Attractive Investment

UNQUOTE - Feb 14 - Europe's online dating market has not enjoyed a satisfying relationship with venture capital. Venture firms initially poured capital into basic dating sites before moving towards more social media-based offerings, such as 360 Capital Partners' €2M investment in Smartdate, a Facebook-integrated dating platform, in 2010. Now the sector has expanded into dating apps. "The winner will be freemium and mobile", says Pavel Bogdanov, a partner at Almaz Capital, a backer of Estonia-based social dating site Flirtic. Europe's venture firms may already be testing the waters. Paua Ventures, Astutia Ventures and IBB Beteiligungsgesellschaft has invested in German social discovery and dating app mbrace. "In five years, dating could be changed again by the popularity of wearables", says Bogdanov.

See full article at Unquote

See all posts on mbrace

This post also appears on InternetDatingInvestments.

Berlin’s Tinder Competitor Mbrace Raised A Seven-figure Funding

VENTURE VILLAGE - Feb 5 - Mbrace, the Berlin-based social discovery app, is similar to Tinder. Users swipe through profiles. Only matched users can chat within the app.

by Michelle Kuepper
The full article was originally published at Venture Village, but is no longer available.

This article also appears on InternetDatingInvestments.