# SIA F3

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sia-f3

- Industry: Software
- Headquarters: Riga, Latvia
- Website: www.f3.cool
- Total disclosed funding: $3.9M
- Latest round: Seed (Nov 24, 2020)
- Investors on record: 3

## About

SIA F3 is a digital platform dedicated to enhancing social connections and modern dating through an intuitive mobile application that facilitates user interactions and personalized matchmaking.Founded in 2018 in Riga, Latvia, SIA F3 operates a mobile application designed for dating and social connections. The company was co-founded by Germans Gedgauds, Ilja Terebin, and Mark Terebin. In November 2020, SIA F3 secured USD 3.9 mn in Seed funding, led by Mamba with participation from ADRUTech LLC and VKontakte. The company has completed one deal to date, raising a total of USD 3.9 mn.F3 specializes in providing a digital platform designed to facilitate dating and social connections among individuals. The core offering is a user-friendly mobile application that enables users to create profiles, interact with potential matches, and engage in personalized matchmaking based on preferences and interests. The application aims to address the need for modern dating solutions, particularly in urban environments where traditional methods of meeting people may be less effective. Launched in recent years, F3 serves a diverse client base, primarily targeting singles looking for meaningful connections, friendships, or relationships. Its geographic market extends to major metropolitan areas across North America and Europe, catering to both local users and expatriates seeking companionship.In the most recent fiscal year 2023, SIA F3 reported revenue of USD 773,445.70 and an EBITDA of USD -73,435.10. The company generates revenue through a subscription-based model that allows users access to premium features within the app. Subscription plans vary and include options for monthly, quarterly, or annual payments, enhancing user engagement and providing additional benefits like advanced matchmaking algorithms and priority customer support. Partnerships with local events also contribute to their revenue stream, broadening their monetization strategies beyond the app.SIA F3 aims to leverage the USD 3.9 mn raised in Seed funding from November 2020 to enhance its product offerings and expand into new markets. The company is currently designing new features for its application, with plans for a major update expected in late 2024. Additionally, F3 is targeting expansion into the Asian market, particularly in major cities such as Tokyo and Seoul by 2025, to tap into the growing demand for modern dating applications in these regions.

## Funding rounds

- Seed, Nov 24, 2020, $3.9M — VKontakte, Mamba, ADRUTech LLC

## Investors

- VKontakte — Seed
- Mamba (https://capitalatlas.ai/funds/mamba) — Seed
- ADRUTech LLC (https://capitalatlas.ai/funds/adrutech-llc) — Seed