No dating befor 17
In the chart below, we look at a few of the largest funding recipients.
Dating app outcomes Dating sites and apps have generated some solid exits in the past few years, as well as some less-stellar outcomes.
It has changed its motto, however, from “Life is short. startups with “romantic” in their business descriptions.
Have an affair,” to “Find Your Moment.” With the spirit of Valentine’s Day in the air, it occurs that I should restate the obvious: Startup funding databases do not contain much about romantic love. Just five used the word “romance” (of which one is a cold brew tea company). Our cultural conceptions of romance are decidedly low-tech.
As for venture-backed companies, one of the earlier-funded startups in the online matchmaking space, e Harmony, did score an exit last fall with an acquisition by German media company Pro Sieben Sat.1 Media SE.
But terms weren’t disclosed, making it difficult to gauge returns.
Another apparent success story is Ok Cupid, which sold to in 2011 for million.The latter is due to a handful of giant funding rounds for China-based startups. In 2018, for instance, nearly 80 percent of dating-related investment went to a single company, China-based Blued, a Grindr-style hookup app for gay men.In 2017, the bulk of capital went to Chinese mobile dating app Tantan, and in 2014, Beijing-based matchmaking site Baihe raised a staggering 0 million. S., we are seeing an assortment of startups raising smaller rounds, but no big disclosed financings in the past three years.Dating sites, too, seem to prefer promoting themselves on practicality and effectiveness, rather than romance.Take how Match Group, the largest publicly traded player in the dating game, describes its business via that most swoon-inducing of epistles, the 10-K report: “Our strategy focuses on a brand portfolio approach, through which we attempt to offer dating products that collectively appeal to the broadest spectrum of consumers.” That kind of writing might turn off romantics, but shareholders love it.