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Relationship software java joins Bagel shuts $7 M collection B as fb attention the industry

Friday, June 26th, 2020

Relationship software java joins Bagel shuts $7 M collection B as fb attention the industry

Whenever level Zuckerberg launched the release of a brand new matchmaking ability on Twitter at latest week’s myspace F8 summit, they got the international matchmaking software business by wonder. The inventory regarding the fit class – holder of some of the greatest dating programs on the planet, like Tinder, OkCupid, and Match.com – tanked 22 per cent inside a hours that are few the statement. Because the field’s members prepared themselves when it comes to interruption fb will certainly push into the industry, San Francisco-based matchmaking platform java matches Bagel has actually disclosed it merely sealed a brand new rounded of financial support.

(L-R) Dawoon, Arum, and Soo Kang, Co-founders of CMB. (Graphics: Java Touches Bagel)

Java touches Bagel – or CMB, as it is commonly known as – has actually effectively increased about $7 million in VC financial support in a set B circular, in accordance with an SEC processing of the company. The application, so named because fits include known as “bagels” regarding the system, was released in April 2012 by three siblings – Arum, Dawoon, and Soo Kang – and it is recognized for their target women’s choices. In the software, people distinguishing as lady posses the ability to choose who’s in a position to “match” and talk to them, a proposition that is rather different the a lot more “open” situations of well-known networks like Tinder.

That is CMB’s funding that is fourth, and delivers the company’s overall capital to $17.9 million, in accordance with information about Crunchbase. The working platform earlier brought up $600,000 in a Seed rounded in Sep 2012, $2.8 million inside a enterprise rounded in might 2014, and $7.8 million in a Series the game in February 2015. The company’s current dealers integrate Lightbank, Azure investment lovers, journey enterprise couples, DCM projects, WI Harper party, CRCM projects, Artsy CFO Sandy Cass, and Peng T. (more…)