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 a combined group B round

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Based on an SEC filing because of the business. The applying, therefore called because matches are named bagels in to the platform, premiered in April 2012 by three siblings Arum, Dawoon, and Soo Kang plus its additionally recognized for the focus that is present womens options. In regards to the application, users determining as females get the best to pick this is certainly in a position to fit and keep in touch with them, a basic concept this is certainly instead different the greater number of available surroundings of popular platforms like Tinder.

That is CMBs 4th money round, and brings the companys total capital to $17.9 million, based on informative data on Crunchbase. The working platform this is certainly working raised $600,000 in a Seed Round . The companys current investors contain 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 that is 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 scheduled programs history.

Precisely what exactly 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 the other day, The indisputable undeniable fact that an organization since big as Facebook is leaping into dating speaks to your need this is certainly growing well considering that the market possibility with this specific particular area. Weve been delighted to see Twitter acknowledging the need to produce significant relationships beyond hookups, because the on the net culture that is dating has to get not even close to quantity vs. quality interactions.

Going the main focus of perception of internet dating 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 fresh money now agreed to them, its interesting to see or watch so 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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