· Tantan, which launched in , is a Chinese dating app with $ million of VC funding under its belt. It got its first round ($5 million) in from Bertelsmann Asia Investment Fund. Tantan, a popular Chinese dating app, has received $ million in Estimated Reading Time: 5 mins · In , for instance, nearly 80 percent of dating-related investment went to a single company, China-based Blued, a Grindr-style hookup app for Estimated Reading Time: 7 mins · It gives you an idea of how to get venture capital funding and the pitching procedures. The process of convincing venture capitalists is rigorous. In your short time pitching, they comb through intricate details of your business. They want to know how successful you’ve been without them. Their investment goal isn’t to rescue you. It’s to take you to the next level and make everyone money. Estimated Reading Time: 8 mins
VCs aren’t falling in love with dating startups – TechCrunch
Startup Europe, a dating website founder hoping to get venture capital funding. Grown up reporting. WillYouClick launches in the UK today — a dating app that cuts out the small talk by removing the chat feature. Instead of engaging in awkward online conversation, couples agree to meet at a series of pre-organised events.
Even in their boom years, dating apps have struggled to attract big sums. But Younas predicts many other dating apps will find it difficult to charm venture capital funds.
WillYouClick cofounder and CEO Adam Robertson, who is hoping to raise in the upcoming months, says it can be tricky to pitch dating apps to investors. By doing so, it hopes to reach profitability quicker than traditional dating apps. With funding in hand, the next struggle for dating app a dating website founder hoping to get venture capital funding is to maintain momentum. Newcomer app The Intro says it has orchestratedswipes since launching 12 weeks ago, hoping to lure users by abandoning the messaging function, like WillYouClick.
This creates a constant need for new users, which requires continuous marketing. Even the best funded dating startups tend to struggle to maintain growth in their download count. Still, Burgess says there could be change in the air for hopeful dating app entrepreneurs. At least the saturation of apps should make the odds of finding a date today even higher — happy swiping! Want the best of Sifted in your inbox? Our newsletter brings you the latest, greatest stories on startup Europe.
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How to Get Venture Capital Funding From a Venture Capitalist
· Tantan, which launched in , is a Chinese dating app with $ million of VC funding under its belt. It got its first round ($5 million) in from Bertelsmann Asia Investment Fund. Tantan, a popular Chinese dating app, has received $ million in Estimated Reading Time: 5 mins · It gives you an idea of how to get venture capital funding and the pitching procedures. The process of convincing venture capitalists is rigorous. In your short time pitching, they comb through intricate details of your business. They want to know how successful you’ve been without them. Their investment goal isn’t to rescue you. It’s to take you to the next level and make everyone money. Estimated Reading Time: 8 mins · But Younas predicts many other dating apps will find it difficult to charm venture capital funds. “Lots of apps will struggle to get funding,” he said, adding that investors nowadays are looking for more than just a lot of users. “You’d think that if you had lots of users, you could get funding. But [venture capitalists] want to see Estimated Reading Time: 4 mins
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