Dating application Coffee Meets Bagel closes $7 M Series as Twitter eyes the sector
Coffee satisfies Bagel or CMB, since escort in Oxnard it really is popularly called has effectively raised about $7 million in VC profit group B round
In accordance with an SEC filing as a result of company. The applying, so called because matches are called bagels in to the platform, premiered in April 2012 by three siblings Arum, Dawoon, and Soo Kang plus its additionally recognized when it comes to focus that is present womens alternatives. regarding the application, users distinguishing as females get the very best to select that is in a position to complement and keep in touch with them, concept this is certainly instead different the greater level of available surroundings of popular platforms like Tinder.
That is CMBs 4th money round, and brings the companys total capital to $17.9 million, in accordance with info on Crunchbase. The platform that is working raised $600,000 in a Seed Round . The companys investors that are present Lightbank, Azure Capital Partners, Quest Venture Partners, DCM Ventures, WI Harper Group, CRCM Ventures, Artsy CFO Sandy Cass, and Peng T. Ong, Founder & Partner at Monks Hill Ventures, with Atami Capital record this is certainly joining the round that is latest.
The Kang siblings famously declined a $30 million takeover offer from billionaire investor Mark Cuban on SharkTank in 2015, the largest-ever towards the programs history.
Precisely what properly perform some Kang siblings feel about Facebooks entry this is actually upcoming their ecosystem? Dawoon Kang, currently the COO of Coffee Meets Bagel, told The Observer in work conference the other day, The indisputable undeniable fact that an organization since big as Facebook is leaping into dating speaks to your need that is growing well because the market possibility with this specific area that is particular. Weve been delighted to see Twitter acknowledging the need to produce significant relationships beyond hookups, because the on line culture that is dating has to get not even close to quantity vs. quality interactions.
Going the main focus of perception of online dating sites solutions not even close to hookups to relationships that arelong-term is something the CMB team has pledged due to the fact vision immediately. Using the fresh money now decided to them, its interesting to see or view how Coffee Meets Bagel evolves it self within a ecosystem as a result of globes biggest social media platform to be a competitor.
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