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 money in group B round
Relating to an SEC filing because of the company. The applying, therefore called because matches are known as bagels in to the platform, premiered in April 2012 by three siblings Arum, Dawoon, and Soo Kang also its also recognized when it comes to focus that is present womens alternatives. In regards to the application, users pinpointing 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 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, relating to informative data on Crunchbase. The platform that is working raised $600,000 in a Seed Round advantageous site. The companys present 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 scheduled 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 proven fact that an organization since large as Facebook is leaping into dating speaks towards the need this is certainly growing well considering that the market possibility using this area that is particular. Weve been delighted to see Twitter acknowledging the requirement to generate 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 something the CMB group has pledged as the vision straight away. Using the fresh money now consented to them, its interesting to see or view exactly how Coffee Meets Bagel evolves it self within a ecosystem as a result of the globes biggest social media platform to become a competitor.
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