Spark Networks Inc.
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Spark Networks Inc. - overview
Established
1997
Location
-, UT, US
Primary Industry
Internet
About
Spark Networks Inc. is a digital dating company that focuses on creating meaningful relationships through specialized online platforms and mobile applications tailored for specific demographics. Founded in 1997, Spark Networks Inc. operates as a premium online dating service, primarily targeting singles over 40 years of age and individuals seeking faith-based connections.
The company has undergone significant changes, including a listing on the American Stock Exchange under the ticker symbol LOV in February 2006. In 2014, Great Hill Partners exited its investment in Spark Networks. The company is headquartered in Beverly Hills, US. Spark Networks specializes in the ownership and operation of premium online dating platforms and mobile applications, focusing on fostering meaningful relationships for specific demographics.
Their core offerings include well-established brands like Jdate, Elite Singles, and Zoosk, which cater primarily to singles over 40 years of age and individuals seeking faith-based connections. These platforms utilize advanced matchmaking algorithms and user-driven profiles to facilitate connections based on compatibility and shared values. The primary end users are mature singles and religious adults who are looking for serious relationships, thus addressing the need for more tailored dating experiences in a crowded market. The company operates globally, with significant market presence in North America, Europe, and Australia, ensuring a diverse and extensive customer base.
For the year 2016, Spark Networks reported a revenue of USD 35. 09 mn and an EBITDA of USD -4. 36 mn. Recent funding from the IPO, which raised USD 237.
00 mn, is expected to support Spark Networks' expansion plans into new markets and the development of new products. The company aims to enhance its existing platforms and introduce additional features to improve user engagement. Specific geographic markets for expansion are not detailed; however, the focus appears to be on reinforcing its presence in North America, Europe, and Australia. The most recent deal, dated June 1, 2014, indicates a strategic shift towards growth and innovation in the online dating sector.
Primary Industry
Internet
Sub Industries
Social Networking & Communication Platform, Search Engines, Media
Website
www.spark.net
Company Stage
Mature
Total Amount Raised
Subscriber access only
Spark Networks Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | Spark Networks Inc. | - | ||||||||
| IPO | Completed | Spark Networks Inc. | - | ||||||||
| Buyout | Completed | Spark Networks Inc. | - |
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