Coffee Matches Bagel Dating App Co-Founder Covers Being on ‘Shark Tank’

Coffee Matches Bagel Dating App Co-Founder Covers Being on ‘Shark Tank’

Interview by Lori Bizzoco. Published by Lori Bizzoco and Emma Wells.

In search of an unique method to find love on your own smart phone? Well, one of the primary names in dating and relationship apps is mostly about to have some atmosphere time on television today (with no, it is perhaps not Tinder). Coffee matches Bagel co-founders and siblings, Dawoon, Arum, and Soo Kang, are maneuvering to ABC’s Shark Tank when it comes to season premiere to look for financing for the Android os application expansion that launched two times ago to compliment their growing company.

What’s the Coffee Meets Bagel Dating and union App?

Coffee matches Bagel had been started by the Kang siblings in April 2012 in nyc. As smart, appealing, young, and busy experts who weren’t having much success with dating, they wished to make receiving love easier and much more enjoyable for singles by producing an original dating and relationship application. In accordance with their site, Coffee Meets Bagel runs under three leading concepts: Firstly, your dating life should really be since personal as you desire that it is; next, fulfilling individuals through buddies is safe and simple; last but not least, it should not be difficult, uncomfortable, or tricky to fulfill good possible lovers.

Coffee matches Bagel sets it self aside from other relationship and relationship apps by giving users with just one prospective match – or “Bagel” – each day at noon. Users then have actually twenty four hours to either “like” or “pass” on their match. You get connected via SMS messages and can schedule a date if you select “like” and your match does too. Also, Coffee Meets Bagel just provides matches it discovers during your Facebook buddy community. Maybe this is the reason it’s been therefore effective: They claim one million matches/introductions given that they established!

Their Experiences on Shark Tank

Executive Editor Lori Bizzoco had the chance to fulfill Dawoon a couple of years straight back at this new York launch celebration, and she talked to her once again this week. She’dn’t disclose information that is too much what are the results on Shark Tank or just try the website around the company’s individual figures. “We don’t give out our figures,” she reveals. Well, that’s going to create for an appealing section tonight considering Shark Tank investors are typical in regards to the figures! When expected if we’ll get more information about it on the show, she replies, “You’ll have to wait and find out!” Interestingly, Mashable stated that the sisters had been assaulted by the sharks to be coy about their users.

It is not too the siblings don’t understand the premise associated with show. In reality, Dawoon stated they are big fans. Nonetheless, she does inform us which they didn’t seek out of the possibility become on Shark Tank, explaining that ABC actually contacted them straight. “I never considered taking place Shark Tank before because we have been a larger business compared to business owners they routinely have from the show,” referring to her company’s 11 individual group and their current money. The organization received their round that is first of in September 2012 for 600,000 bucks from LightBank investment capital as well as the co-founder of Match , Peng T. Ong. They received an additional round of investment capital – 2.8 million dollars – from a source that is unknown might 2014. Speculation is the fact that this originated in among the sharks, but Dawoon verifies it failed to. “The investment occurred before the statement had been made and before Shark Tank,” she says.

But once the chance offered it self, they knew it was too good to ignore

“We thought it will be amazing to own among the sharks included she shares because they are so smart and experienced. “So we made a decision to do it now. It had been extremely nerve-racking, however it had been a complete large amount of enjoyable!”

When expected if there was clearly a specific shark they would wish being an investor, she tips to Mark Cuban. I would probably love to have him involved because he’s just so tech savvy“If I were to pick one shark [to work with. All of the sharks have become sharp and straightforward, but we find Mark become especially therefore. I will completely see him incorporating large amount of value to Coffee Meets Bagel. We have been extremely excited in the possibility to getting some of the sharks included though.”

Like most good truth television show, often there is the chance of some drama. We’ll have to wait and determine if Coffee Meets Bagel will likely be a match from the premiere episode of Shark Tank!