Total amount raised
$23.2 Millions
Latest funding date
Location
Coffee Meets Bagel has successfully navigated multiple funding rounds, with the latest being a Series B.
With backing from 11 investors, including GingerBread Capital and Quest Venture Partners, the platform continues to connect individuals seeking serious relationships.
What Is Coffee Meets Bagel?
Coffee Meets Bagel, founded on February 14, 2011, in San Francisco, California, is an online dating platform designed to foster serious relationships.
Founded by sisters Arum, Dawoon, and Soo Kang, the app offers a unique approach by connecting individuals with 'friend-of-a-friend' matches daily.
With a team of 101-250 employees, Coffee Meets Bagel continues to innovate in the dating space, providing a curated and meaningful experience for its users.
How Much Funding Has Coffee Meets Bagel Raised?
- Seed Round
- Amount Raised: $600K
- Date: September 2012
- Lead Investors: Lightbank, Peng T. Ong
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and launch the app.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: August 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue platform development and user acquisition.
- Seed Round
- Amount Raised: $2.8M
- Date: May 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the user base and enhance app features.
- Series A
- Amount Raised: $7.8M
- Date: February 2015
- Lead Investors: DCM Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve matchmaking algorithms.
- Series B
- Amount Raised: $12M
- Date: May 2018
- Lead Investors: Atami Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and product innovation.
Total Amount Raised: $23.2M. Current Valuation: Not publicly disclosed.
Key Investors
- Atami Capital
- Details: Atami Capital is a U.K.-based venture capital firm that led the $12 million Series B funding round for Coffee Meets Bagel. They focus on high-growth potential startups.
- Investment Focus Areas: Technology, Consumer Goods, Healthcare
- Notable Investments: Not publicly disclosed
- GingerBread Capital
- Details: GingerBread Capital is a venture capital firm known for its prominent female investors. They participated in the Series B funding round for Coffee Meets Bagel.
- Investment Focus Areas: Women-led businesses, Technology, Consumer Goods
- Notable Investments: Not publicly disclosed
- DCM Ventures
- Details: DCM Ventures is a global venture capital firm that participated in the Series A funding round for Coffee Meets Bagel. They have a strong presence in the U.S. and Asia.
- Investment Focus Areas: Technology, Media, Telecommunications
- Notable Investments: SoFi, Lime, Bill.com
- Wi Harper
- Details: Wi Harper is a venture capital firm that participated in the Series B funding round for Coffee Meets Bagel. They focus on cross-border investments between the U.S. and China.
- Investment Focus Areas: Technology, Healthcare, Consumer Goods
- Notable Investments: Not publicly disclosed
- Quest Venture Partners
- Details: Quest Venture Partners is a venture capital firm that has been involved in multiple funding rounds for Coffee Meets Bagel. They focus on early-stage investments.
- Investment Focus Areas: Technology, Consumer Goods, Healthcare
- Notable Investments: Not publicly disclosed
What's Next for Coffee Meets Bagel?
As Coffee Meets Bagel looks to the future, the opportunities for growth are vast. The company plans to expand internationally, tapping into new markets and increasing its global footprint. Additionally, the introduction of CMB Experiences, which include real-world events, offers a unique way to engage users beyond the app. These initiatives could significantly boost user engagement and brand loyalty.
To support these ambitious plans, future fundraising rounds are likely. The focus on international expansion and product innovation suggests that additional capital will be essential. However, the company will face challenges such as intense competition from established players and the complexities of scaling operations globally. Ensuring user safety and privacy during offline events will also be crucial as they navigate this new terrain.
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