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Dating startup raises VC as Facebook gets in the connection biz

Dating startup raises VC as Facebook gets in the connection biz

App-based dating service Coffee Meets Bagel has raised approximately $7 million in Series B money, per an SEC filing. The round values the San startup that is francisco-based $82 million, per PitchBook data.

Coffee Meets Bagel has maybe not yet replied to a PitchBook obtain remark.

The round comes just like Facebook enters the internet dating game—one that Tinder and Bumble, two popular dating apps, have dominated in the last few years. Like Bumble, the Coffee Meets Bagel application is predicated on ladies’ choices. Female-identifying users select who can talk to them through the software.

Coffee matches Bagel, known as because matches are described as “bagels” into the application, has formerly raised simply over ten dollars million in equity money from investors including DCM Ventures, Quest Ventures and Azure Capital.

The founding team consist of three sisters, Arum, Dawoon and Soo Kang. The trio famously pitched to Mark Cuban on “Shark Tank” within an episode that aired in 2015, and then reject their $30 million takeover offer, that has been the greatest into the show’s history. Coffee matches Bagel was apparently expecting ten dollars million in product product sales the of their appearance on “Shark Tank. year”

For Coffee Meets Bagel, Twitter’s entry in to positive singles android app the dating that is online causes it to be an apt time for a brand new infusion of money. Facebook CEO Mark Zuckerberg announced its brand new effort, Facebook Dating, during the social media marketing giant’s annual developer conference early in the day this thirty days.