{"id":457,"date":"2019-07-02T11:41:48","date_gmt":"2019-07-02T11:41:48","guid":{"rendered":"http:\/\/seventh-studios.com\/project\/harper\/?p=457"},"modified":"2019-07-02T11:41:48","modified_gmt":"2019-07-02T11:41:48","slug":"dating-app-coffee-meets-bagel-raises-12-million","status":"publish","type":"post","link":"https:\/\/wiharper.com\/dating-app-coffee-meets-bagel-raises-12-million\/","title":{"rendered":"Dating app Coffee Meets Bagel raises $12 million"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/seventh-studios.com\/project\/harper\/wp-content\/uploads\/2019\/07\/coffee-meets-bagel-800xx5616-3171-0-86.jpg\" alt=\"\" class=\"wp-image-458\"\/><figcaption> Coffee Meets Bagel co-founds Arum Kang and Dawoon Kang. <\/figcaption><\/figure>\n\n\n\n<p>Online dating app&nbsp;Coffee Meets Bagel&nbsp;has raised $12 million in \nfunding from a United Kingdom-based venture capital firm and a group of \nwomen investors.&nbsp;<\/p>\n\n\n\n<p>The round was led by new investor&nbsp;Atami Capital. Other backers include GingerBread Capital,&nbsp;led by&nbsp;<a href=\"https:\/\/www.bizjournals.com\/bizjournals\/search\/results?q=Linnea Roberts\">Linnea Roberts<\/a>; Shannon Gran;, <a href=\"https:\/\/www.bizjournals.com\/bizjournals\/search\/results?q=Kheng Lian Ho\">Kheng Lian Ho<\/a>&nbsp;and&nbsp;Helen Schwab, as well as return investors DCM Ventures, <a href=\"https:\/\/www.bizjournals.com\/bizjournals\/search\/results?q=Wi Harper\">Wi Harper<\/a>&nbsp;and&nbsp;Quest Venture Partners, per a company news release.&nbsp;<\/p>\n\n\n\n<p>Coffee Meets Bagel co-founder and co-CEO <a href=\"https:\/\/www.bizjournals.com\/bizjournals\/search\/results?q=Arum Kang\">Arum Kang<\/a> said the funds will be used for growth and innovation at the company, which says it has already generated more than <a href=\"https:\/\/www.forbes.com\/sites\/lillyknoepp\/2016\/07\/19\/play-for-love-on-female-focused-coffee-meets-bagel\/#1589516e121d\" target=\"_blank\" rel=\"noreferrer noopener\">2.5 billion introductions<\/a> that led to more than 50,000 happy couples.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">See Also<\/h5>\n\n\n\n<ul><li><a href=\"https:\/\/www.bizjournals.com\/bizwomen\/news\/profiles-strategies\/2018\/05\/doordash-hired-her-to-spend-half-a-billion-dollars.html\">DoorDash hired her to spend half a billion dollars<\/a><\/li><li><a href=\"https:\/\/www.bizjournals.com\/bizwomen\/news\/latest-news\/2018\/05\/healthcare-startup-raises-20m-for-house-calls.html\">Healthcare startup raises $20M for doctor house calls<\/a><\/li><\/ul>\n\n\n\n<p>The partnership with Atami Capital adds international\n connections as the company explores opportunities in markets beyond the\n United States for 2018.&nbsp;<\/p>\n\n\n\n<p>\u201cWe\u2019re excited for the next phase of Coffee Meets \nBagel and are pleased to have some wonderful international and female \ninvestors on board. Given our focus on female experience, it was very \nimportant that we have a female perspective at the investor level,\u201d Kang\n said.&nbsp;<\/p>\n\n\n\n<p>This capitalization round brings the total raised by \nthe San Francisco-based company to nearly&nbsp;$20 million&nbsp;since 2012. In \nFebruary 2016, Coffee Meets Bagel raised <a href=\"https:\/\/www.bizjournals.com\/sanjose\/blog\/techflash\/2016\/01\/study-suggests-female-founders-took-astep-back-in.html\" target=\"_blank\" rel=\"noreferrer noopener\">$7.8 million<\/a> in a round led by DCM Ventures.<\/p>\n\n\n\n<p>Coffee Meets Bagel was founded in 2012 by sisters \nDawoon, Arum and Soo Kang, who were inspired to create a dating app that\n was more woman-centric. The site really took off in early 2015 when the\n sisters pitched their app on Shark Tank and turned down a $30 million \noffer from investor <a href=\"https:\/\/www.bizjournals.com\/bizjournals\/search\/results?q=Mark Cuban\">Mark Cuban<\/a>, per <a href=\"https:\/\/www.forbes.com\/sites\/lillyknoepp\/2016\/07\/19\/play-for-love-on-female-focused-coffee-meets-bagel\/#1589516e121d\" target=\"_blank\" rel=\"noreferrer noopener\">Forbes<\/a>. <\/p>\n\n\n\n<p>Matches on the site are called &#8220;bagels,&#8221; and app users can earn &#8220;coffee beans,&#8221; which are used like currency. <\/p>\n\n\n\n<p>Under the app&#8217;s #LadiesChoice option, men are \npresented each day at noon with 21  \u201cbagels,\u201d which they can either \n&#8220;like&#8221; or pass. Women can then choose who they want to contact from \namong the men who have &#8220;liked&#8221; them, or they can use the site&#8217;s  \n&#8220;discover&#8221; option to choose from among all users.<\/p>\n\n\n\n<p>The site has a 60\/40 female\/male user ratio.<\/p>\n\n\n\n<p>CMB Experiences, launched earlier this year, is the \ncompany\u2019s latest initiative to bring people together. Under the program,\n Coffee Meets Bagel plans activities where participants can go meet \nsomeone new; for example, in May, the company held an all-inclusive <a href=\"https:\/\/coffeemeetsbagel.com\/blog\/index.php\/cmb-experiences\/camp-meets-bagel-cmb-experience\/\" target=\"_blank\" rel=\"noreferrer noopener\">sleep-away camp<\/a> in New York City attended by 150 adults.<\/p>\n\n\n\n<p>The company also plans to work with small-concert \ncurator Sofar Sounds&nbsp;to plan monthly Coffee Meets Bagel events in the \nform of monthly concerts in New York. \n\n\n\n\n\n        \n            \n                \n                    Anne Stych is a freelance writer in Charlotte, North Carolina.                \n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Online dating app&nbsp;Coffee Meets Bagel&nbsp;has rais [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"blocksy_meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/posts\/457"}],"collection":[{"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/comments?post=457"}],"version-history":[{"count":0,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/posts\/457\/revisions"}],"wp:attachment":[{"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/media?parent=457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/categories?post=457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wiharper.com\/wp-json\/wp\/v2\/tags?post=457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}