# Schmooze Dating

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/schmooze-dating

- Industry: Internet
- Headquarters: Palo Alto, US
- Website: schmooze.in/
- Total disclosed funding: $7.5M
- Latest round: Series A (Sep 18, 2024)
- Investors on record: 7

## About

Schmooze Dating, based in the US, is a company that provides innovative digital communication solutions aimed at enhancing interactions in personal and professional environments.Founded in 2021, Schmooze Dating offers modern communication tools to improve user engagement. The company is headquartered in Palo Alto, US and was established by a team of founders including Abhinav Anurag and Ayush Gupta. Schmooze has successfully completed 4 deals, with the latest being a Series A funding round in September 2024, raising USD 4.00 mn led by Elevation Capital, bringing the total amount raised to USD 4.00 mn and the current company valuation to USD 13.736 mn.Schmooze specializes in providing innovative communication solutions designed to enhance interaction in both personal and professional environments. Their core offerings include a suite of digital tools aimed at facilitating seamless messaging, video conferencing, and collaborative workspaces. These products are tailored to address common pain points such as remote communication inefficiencies and the need for integrated workflow solutions. The company targets a diverse client base, including small to medium-sized enterprises (SMEs), educational institutions, and individual users across various geographical markets, including North America, Europe, and parts of Asia. These solutions have been developed with a focus on user experience, ensuring that clients can easily implement and utilize the technology to improve engagement and productivity.The revenue model for Schmooze is structured around a subscription-based service, allowing customers to access their suite of communication tools through various pricing tiers. Clients typically enter into annual agreements that provide them with access to premium features, ensuring a steady revenue stream for the company. Transactions are primarily B2B, with partnerships established with larger enterprises and institutions that require robust communication solutions. This model enables clients to scale their usage based on the size of their teams and specific communication needs, while Schmooze also offers customized packages suited for individual users and small businesses. The flagship products, which are central to their revenue generation, are designed to cater to a wide range of use cases, reinforcing client retention and facilitating continuous engagement with the platform.In September 2024, Schmooze Dating raised USD 4 mn in Series A funding led by Elevation Capital, which will be utilized to enhance its AI engine and support growth and expansion plans. The company is focused on launching new product features aimed at improving user experience and is planning to expand into additional markets including Europe and parts of Asia by the end of 2025.

## Funding rounds

- Series A, Sep 18, 2024, $4M — Elevation Capital
- Seed, Jun 1, 2022, $3.2M — Lightspeed Venture Partners, Inventus Capital Partners, Silicon Valley Quantitative Advisors, Graph Ventures
- Seed, May 27, 2021, $0.3M — Lightspeed Venture Partners, Centre Street Partners, Ulu Ventures, Graph Ventures

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed
- Centre Street Partners (https://capitalatlas.ai/funds/centre-street-partners) — Seed
- Ulu Ventures (https://capitalatlas.ai/funds/ulu-ventures) — Seed
- Graph Ventures (https://capitalatlas.ai/funds/graph-ventures) — Seed
- Inventus Capital Partners (https://capitalatlas.ai/funds/inventus-capital-partners) — Seed
- Silicon Valley Quantitative Advisors — Seed
- Elevation Capital — Series A