Coffee Meets Bagel Net Worth details

If you’re wondering what Coffee Meets Bagel Net Worth is you’ve come to the right place

Coffee Meets Bagel is an internet dating informal community administration, which is situated in San Francisco. 

The internet dating stage was presented by the three business person sisters, Arum, Dawoon, and Soo Kang.

App NameCoffee Meets Bagel
FoundersArum, Dawoon, Soo Kang
FoundedApril 17, 2012
HeadquarterSan Francisco, California, U. S
Industry TypeOnline Dating
Coffee Meets Bagel Net Worth$150 million
Quick facts about Coffee Meets Bagel

How It All Started?

The three sisters, Arum, Dawoon, and Soo Kang are behind making the effective online media dating application, Coffee Meets Bagel. 

The business creative sisters at first had considered facilitating a site that would motivate individuals to admire and date. 

They wanted to make a dating site that could cause individuals who had lost their expectations to see someone.

They delivered their web-based dating application on April 17, 2012, in New York City. 

The dating application tracks down possible competitors and matches each other clients’ characteristics dependent on their Facebook profile. 

The organization was able to raise seed financing of around $600 thousand, which was driven by Lightbank in September 2012. 

The prime supporter of Match.com further had put a quantity of his amount on the stage.

Coffee Meets Bagel App Rise

The three sisters invented their dating application in the pioneering themed unscripted TV drama, Shark Tank in January 2015. 

In the show, their belief was valuable enough to attract the very rich business visionary, Mark Cuban, who offered the three intellectual sisters an incredible measure of $30 million. 

In any case, they dismissed the Cuban’s deal asserting that the worth he put before them was excessively little for their imaginative thought.

They have furthermore delivered the application in Google Play Store. 

The systems to utilize the application are truly simple. The curious clients simply need to enroll online in the application through their Facebook profiles. 

Later at a specific time, they will be furnished with their conceivable capacity matches by the Coffee Meets Bag’s staff. 

The clients would have the option to contact their conceivable capacity matches if by some stroke of good luck they acknowledge their recommendation back. 

In any case, the application has restricted the number of profiles that the clients can interface with every day. 

During the COVID-19 Pandemic in 2020, the organization added a video virtual speed dating administration.

The three sister’s choice to dismiss Cuban’s proposition demonstrated productivity for them. 

The organization had the option to raise $7.8 million through Series A financing, which was driven by the current financial contributor, DCM Ventures. 

In May 2018, the organization added $12 million to its worth through Series B financing, which was driven by Atami Capital.

The organization announced in February 2019 that a fractional rundown of client attributes like their names and email addresses has been taken by the hackers. 

The information was accounted for to have been hacked between late 2017 to mid-2018. 

Because of the information spill, around 6,174,513 client accounts were suspected to get impacted.

Coffee Meets Bagel Net Worth

Coffee Meets Bagel is giving serious contests to other dating applications like Tinder. 

The organization has developed dramatically from the date that the three sisters had sent off it. 

According to 2021, the web-based media dating application, Coffee Meets Bagel has effectively an absolute total assets of $150 million.