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
Based on an SEC filing as a result of the company. The applying, therefore known as because matches are known as 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 current concentrate on womens alternatives. Regarding the application, users distinguishing as ladies get the very best to pick that is in a position to suit and keep in touch with them, concept that is instead different the greater number of available surroundings of popular platforms like Tinder.
That is CMBs money that is 4th, and brings the companys total capital to $17.9 million, in accordance with informative data on Crunchbase. The working platform this is certainly working raised $600,000 in a Seed Round . The companys current investors have 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 to your programs history.
Precisely what correctly 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 meeting a week ago, The indisputable undeniable fact that an organization since large as Facebook is leaping into dating speaks into the need this is certainly growing well because the market possibility using this area that is particular. Weve been delighted to see Twitter acknowledging the need to generate significant relationships beyond hookups, because the on the web 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 considering that the vision immediately. Utilizing the fresh money now decided to them, its interesting to see or view precisely how Coffee Meets Bagel evolves it self within a ecosystem as a result of the globes biggest social media platform to be a competitor.
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