Coffee Meets Bagel, Inc.

Coffee Meets Bagel, Inc. is a dating platform that focuses on helping users form meaningful relationships through curated matches and engaging conversations. Founded in 2012 in San Francisco, US, Coffee Meets Bagel, Inc. operates a mobile application that connects single individuals seeking serious relationships.

The company has successfully completed 6 funding deals, including its latest Series B round, which raised USD 12. 00 mn led by Atami Capital. The founders include Arum Kang, Dawoon K, and Soo Kang, with Arum Kang currently serving as CEO. Coffee Meets Bagel operates a dating platform designed to facilitate meaningful connections among users seeking serious relationships.

The mobile application uses an algorithm to match users based on preferences and shared interests, offering curated matches daily for users to engage and build connections. The platform primarily serves the North American market, with a presence in cities like New York, Los Angeles, and Chicago, while also expanding into markets such as Australia and parts of Europe. Coffee Meets Bagel generates revenue primarily through a subscription model, offering various pricing plans that unlock premium features. Subscribers have access to enhanced functionalities, such as seeing who liked them and sending additional likes daily.

The firm also offers in-app purchases for users to buy virtual gifts or boost their profiles, with transactions occurring between the company and its users on a monthly or annual basis. Coffee Meets Bagel, Inc. plans to utilize its recent funding for strategic growth initiatives, including the launch of new products and an expansion into additional markets. The company aims to enhance its platform functionalities and reach into new geographic regions, further solidifying its presence in existing markets and exploring opportunities in untapped locations.

Recent venture funding from GDP Venture will support these development efforts.