Coffee Meets Bagel Net Worth , History, Revenue and Review: Coffee Meets Bagel is a San Francisco–based dating and social networking service. It is marketed as an alternative app for those who want to focus on “quality over quantity” in the dating market. Coffee Meets Bagel has a total Net Worth of $200, Million.
Online dating, Internet
April 17, 2012
Dawoon Kang ,
Arum Kang (co-CEO)
Dawoon Kang (co-CEO)
$200, Million ()
Coffee Meets Bagel Net Worth
Coffee Meets Bagel is a San Francisco–based dating and social networking service. It has a total Net Worth of 200 Million USD as of . According to Forbes And Fulloaded Update.
Coffee Meets Bagel History
Coffee Meets Bagel was created by three sisters: Arum, Dawoon, and Soo Kang. Arum first had the idea for the app in 2011, and the sisters launched the app in New York City on April 17, 2012. Coffee Meets Bagel then launched in Boston on May 10, 2012 and in San Francisco on October 24, 2012.
In September 2012, the company announced that it had raised seed funding of $600,000 led by Lightbank, with Match.com co-founder Peng T. Ong also investing.
In January 2015, Coffee Meets Bagel was featured on Shark Tank, where the sisters sought a $500,000 investment in exchange for 5% of the company. They turned down Mark Cuban’s offer to buy them for $30 million and did not reach an agreement with anyone.
In February 2015, the company announced a $7.8 million Series A financing round led by existing investor DCM Ventures.
In May 2018, the company raised $12 million in Series B funding led by Atami Capital.
User personal data breach
In February 2019, Coffee Meets Bagel acknowledged that an attacker had stolen “a partial list of user details, specifically names and email addresses”, between late 2017 and mid-2018.
Outside reporting indicated that as many as 6,174,513 accounts may have been affected, and that other details including age and gender may have been taken as well.
Coffee Meets Bagel Features
Features of the Coffee Meets Bagel app include limiting the number of profiles users can interact with each day and offering ice-breaker information for matches. In 2020, Coffee Meets Bagel added video virtual speed dating in response to the COVID-19 pandemic.
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