App-based dating service Coffee Meets Bagel has raised approximately $7 million in Series B money, per an SEC filing. The round values the San startup that is francisco-based $82 million, per PitchBook data.
Coffee Meets Bagel has maybe not yet replied to a PitchBook obtain remark.
The round comes just like Facebook enters the internet dating gameвЂ”one that Tinder and Bumble, two popular dating apps, have dominated in the last few years. Like Bumble, the Coffee Meets Bagel application is predicated on ladies’ choices. Female-identifying users select who can talk to them through the software.
Coffee matches Bagel, known as because matches are described as “bagels” into the application, has formerly raised simply over ten dollars million in equity money from investors including DCM Ventures, Quest Ventures and Azure Capital.
The founding team consist of three sisters, Arum, Dawoon and Soo Kang. The trio famously pitched to Mark Cuban on “Shark Tank” within an episode that aired in 2015, and then reject their $30 million takeover offer, that has been the greatest into the show’s history. Coffee matches Bagel was apparently expecting ten dollars million in product product sales the of their appearance on “Shark Tank. year”
For Coffee Meets Bagel, Twitter’s entry in to the dating that is online causes it to be an apt time for a brand new infusion of money. Facebook CEO Mark Zuckerberg announced its brand new effort, Facebook Dating, during the social media marketing giant’s annual developer conference early in the day this thirty days. The solution should be a feature that is opt-in the Facebook platform.
Coffee Meets Bagel’s Dawoon Kang told Observer.com this week that Facebook’s entry in to the dating area is positive on her business.
“the reality that a business as large as Facebook is leaping into dating talks towards the demand that is growing the marketplace http://www.anastasia-date.org/fitness-singles-review/ possibility of the room,” Kang stated into the Observer article. “Our company is very happy to see Twitter acknowledging the requirement to produce significant relationships beyond hookups, since the on the web dating culture certainly has to move far from quantity vs. Leer más Acerca deDating startup raises VC as Facebook gets in the connection biz …