What is Coffee meets bagel?
Coffee Meets Bagel is a San Francisco-based online dating social network service. Arum, Dawoon, and Soo Kang, three businesswoman sisters, launched the online dating site.
— Dawoon Kang (@dawoonkang) October 5, 2018
Coffee meets bagel net worth 2022
In January 2015, the three sisters pitched their dating app on the entrepreneurial-themed television program Shark Tank. During the performance, their plan was effective enough to wow billionaire entrepreneur Mark Cuban, who gave the three brilliant sisters a stunning $30 million. They rejected the Cuban’s offer, stating that the value he presented was insufficient for their creative concept.
They have also made the app available in the Google Play Store. The app’s usage procedures are really simple. Users who are interested in using the app must simply register online using their Facebook accounts. After a specific period of time, the Coffee Meets Bag staff will supply them with suitable matches. If their prospective matches approve their request, the users will be allowed to contact them. However, the software restricts the number of accounts with whom users may communicate each day. The firm established a video virtual speed dating service during the COVID-19 Pandemic in 2020.
The three sisters’ choice to turn down Cuban’s offer paid handsomely. The startup was able to collect $7.8 million in Series A funding, backed by current investor DCM Ventures. Within three years, in May 2018, the firm increased its worth by $12 million thanks to Series B fundraising sponsored by Atami Capital.
The firm stated in February 2019 that the attacker had acquired a partial list of user data such as their names and email addresses. The data was reportedly compromised between late 2017 and mid-2018. Around 6,174,513 user accounts were thought to be impacted as a result of the data breach.
Coffee Meets Bagel is surely giving other dating apps like Tinder a run for their money. Since the three sisters founded it, the firm has expanded at an exponential rate. Coffee Meets Bagel, a social media dating app, has amassed a total net worth of $150 million as of 2022.
View this post on Instagram
Coffee meets bagel achievements
Since its inception, the site has made over 50 million matches. According to a source, this app has over 7 million users, indicating its success. They got the shorty award in 2019 for the first time for creating a marketing video.