Bumble Trading

Based in London, UK, and founded in 2006, Bumble Group, formerly known as MagicLab, operates as a developer of an online dating mobile application. The Bumble app was founded by Andrey Andreev, and operates other brands such as Badoo, Chappy and Lumen. Bumble is majority-owned by Blackstone Group and has over 600 employees in offices in Austin, London, and Moscow. Bumble is a mobile dating platform that allows users to match with people of similar interests, for three different purposes: business, friendship or romance. The application is commonly known for its dating functionalities and differentiates itself from its competitors with the fact that women must initiate the conversation. Men cannot send any messages to their matches until the woman says something. The company monetizes its services through in-app payments. Like most dating apps, they offer bundles for each service where the more of a service is acquired, the cheaper it is per unit or per unit of time the service is offered for. Specifically, the paid services include exposure boosters, known as a spotlight, starting at GBP 2 each, differentiators, known as super swipes, starting at GBP 1 each, and a swipe limit remover, called boost, starting at GBP 14 per week. The app also adds time limits for conversations that users can pay to remove.

1. Series A

   Jan 1, 2008

   Amount

   $30M

   Investors

   Locked