Dating Industry Round-up, Oct 7

Here we are with our first news round-up for online dating industry, including dating apps. And understandably, our first issue is dedicated mostly to apps since they are all the rage nowadays.

 

– Happn (Tinder-like, location-based app) raises $14M in Series B round. 6 million users in 25 cities around the world. Full article at TechCrunch.

– DateTix (real-life dates discovery and hosting) is being acquired by Enverro for for 12.5 million shares and 12 million performance shares that vest on three key milestones. Enverro is also raising $3M to further develop and market DateTix. A confusing acquisition, but also a sign of the growing market opportunity. Full article at Proactive Investors.

– Spark Networks (owner of several religious dating properties) is reporting modest quarter subscriber growth (Jewish networks: 1.8%, Christian networks: 0.4%). Companies manipulate metrics like this for share price bump all the time. Spark, you better show some innovation finally before you measure yourself out of business. Press-release at Spark.net.

– Teazr (a small Danish dating app) received modest investment of 1.5M kroner to target the US market. So far 15K users have downloaded the app which requires you to take a selfie before you can chat with your match. Full article at OnlinePost.

Marvin Powell

Marvin is an industry veteran who has been working with dating startups since 2001. In his spare time he loves fishing and writing bad poetry.

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