Dating software Coffee Meets Bagel closes $7 M Series as Facebook eyes the sector

Dating software Coffee Meets Bagel closes $7 M Series as Facebook eyes the sector

Whenever Mark Zuckerberg announced the launch of a brand new feature that is dating Twitter at final week’s Facebook F8 meeting, it took the global relationship software industry by shock. The stock associated with Match Group – owner of a few of the biggest dating apps on earth, including Tinder, OkCupid, and Match.com – tanked 22 % in a couple of hours after the statement. Because the industry’s players set themselves for the interruption Facebook will certainly bring towards the sector, San dating that is francisco-based Coffee Meets Bagel has revealed so it simply shut a brand new round of capital.

Coffee Meets Bagel – or CMB, as it is popularly called – has effectively raised about $7 million in VC capital in a set B round, in accordance with an SEC filing by the company. The software, so named because matches are described as “bagels” regarding the platform, premiered in April 2012 by three siblings – Arum, Dawoon, and Soo Kang – and it is understood for its give attention to women’s choices. Continue reading Dating software Coffee Meets Bagel closes $7 M Series as Facebook eyes the sector