Coffee meets Bagel just closed a new $12 million round. Since its creation, in 2012, the startup has already raised more than $20 million.
People will meet each other thanks to this app for a long time, as the Coffee meets Bagel just closed a $12M round led by the English firm Atami Capital.
Last month, the startup already had added new features to its services to facilitate meetings between users and to improve their global experience. These additional funds should allow the company to compete vigorously against Match Group, parent company behind Tinder, PlentyoFish, OkCupid and several other dating sites.
According to Arum Kang, co-funder of Coffee meets Bagel, this last round of investments brought new women entrepreneurs to the table : “as we focus more on the women experience on our app, it is really important for us to get a feminine perspective.”
The American app creates links between “friends of friends” and tries to distinguish itself from Bumble or Tinder by limiting the number of possible daily matches. Every day at noon, men users get 21 women matches (or Bagels) and are free to chose which they like the most in this list. Women then only get to chose between users who already liked their profile. Up to them to start talking, grab a coffee… or even a bagel.