Dating application Coffee Meets Bagel closes $7 M Series as Twitter eyes the sector
Dating application Coffee Meets Bagel closes $7 M Series as Twitter eyes the sector
Coffee satisfies Bagel or CMB, since escort in Oxnard it’s popularly called has efficiently raised about $7 million in VC profit group B round
According to an SEC filing because of the company. The applying, therefore called because matches are described as bagels into the platform, premiered in April 2012 by three siblings Arum, Dawoon, and Soo Kang also its additionally recognized when it comes to focus that is present womens alternatives. In regards to the application, users escort service Cedar Rapids distinguishing as females have the best to select that is in a position to complement and keep in touch with them, a basic concept this is certainly instead different the greater quantity of available environments of popular platforms like Tinder.
That is CMBs 4th money round, and brings the companys total capital to $17.9 million, based on info on Crunchbase. The working 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 into the scheduled programs history.
Just what properly perform some Kang siblings feel about Facebooks entry this is really upcoming their ecosystem? Dawoon Kang, currently the COO of Coffee Meets Bagel, told The Observer in work conference a week ago, The indisputable proven fact that a business since large as Facebook is leaping into dating talks to your need this is certainly growing well considering that the market possibility with this particular particular area. Weve been delighted to see Twitter acknowledging the requirement to generate significant relationships beyond hookups, because the on line culture that is dating has to go 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 one thing the CMB team has pledged as the vision straight away. Utilizing the capital that is fresh decided to them, its interesting to see or view exactly how Coffee Meets Bagel evolves it self in just a ecosystem as a result of globes biggest social media platform to be a competitor.
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