Coffee Meets Bagel is a technology company.
Coffee Meets Bagel has raised $23.6M across 4 funding rounds.
Coffee Meets Bagel has raised $23.6M in total across 4 funding rounds.
Coffee Meets Bagel (CMB) is a mobile dating app that curates one high-quality match—or "bagel"—per day for users via a proprietary algorithm focused on meaningful connections. Founded by three Korean-American sisters, it targets singles frustrated with endless swiping on other platforms, serving primarily women by prioritizing safety, quality over quantity, and balanced experiences for both genders.[1][2][5] The app solves swipe fatigue and superficial interactions by delivering limited, personalized matches with in-depth profiles and icebreakers, fostering deeper relationships—resulting in over 50 million matches, 200+ marriages, and 20,000 relationships by 2015, with steady growth including international expansion.[3][4][6]
The Kang sisters—Arum, Dawoon (twins), and Soo—emigrated from South Korea to the U.S. as teens, building tight bonds through independence and shared high school experiences.[1][2] Inspired by their entrepreneurial parents, they reunited in New York City in 2012: Arum post-Harvard MBA, Dawoon with strategy experience at Avon, and Soo joining the effort.[1][2][4] While studying dating apps in business school, Arum identified a gap—women overwhelmed by options, men ignored—prompting a women-centric app.[1][2]
Launched on Valentine's Day 2012 in NYC (hence the coffee-and-bagel name evoking noon "bagel" deliveries), CMB gained early traction.[2][3][4] A pivotal moment came in 2015 on *Shark Tank*, where they rejected Mark Cuban's record $30 million offer to retain control, already having $7.8 million in funding; user base doubled post-show.[1][3][6][8] Currently led by twins Arum (co-CEO) and Dawoon (co-CEO/Chief Dating Officer).[2][7]
CMB rides the wave of evolving online dating from casual swiping to intentional, quality-focused platforms, capitalizing on post-2010s shifts where users reject superficiality amid market saturation.[1][5][7] Timing was ideal: launched when dating apps boomed but gaps existed for women (90% of 1970s marriages were local; now global choice demands curation).[1] Favorable forces include rising demand for safe, efficient matchmaking amid "dating app fatigue," enabling CMB's anti-Tinder positioning and global expansion.[2][4][6]
It influences the ecosystem by proving family-founded, bootstrapped models can compete—rejecting $30M showed conviction in long-term value—pushing rivals toward better UX and inspiring women-led tech ventures.[1][3][8]
CMB's curated model positions it for growth in a maturing $10B+ dating market favoring authenticity over volume. Expect expansions in AI-driven personalization, international scaling, and premium features amid trends like hybrid virtual-real dating post-pandemic. As swipe fatigue persists, CMB could solidify as a premium player, evolving influence by championing quality connections that redefine tech-enabled relationships—much like the sisters' rejection of quick cash preserved their vision for lasting impact.[3][6][7]
Coffee Meets Bagel has raised $23.6M in total across 4 funding rounds.
Coffee Meets Bagel's investors include 7GC & Co, Avalon Ventures, Canaan Partners, Crosslink Capital, Flucas Ventures, GingerBread Capital, IPD Capital, Red Swan Ventures, Jonno Elliott, Kenneth Goldman, Mark Cuban, Energy Capital Ventures.
Coffee Meets Bagel has raised $23.6M across 4 funding rounds. Most recently, it raised $12.0M Series B in May 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2018 | $12.0M Series B | 7GC & Co, Avalon Ventures, Canaan Partners, Crosslink Capital, Flucas Ventures, GingerBread Capital, IPD Capital, Red Swan Ventures, Jonno Elliott, Kenneth Goldman, Mark Cuban | |
| Feb 1, 2015 | $8.0M Series A | 7GC & Co, Energy Capital Ventures, Flucas Ventures, IPD Capital, Lightbank, Red Swan Ventures, Jonno Elliott, Peter Barris | |
| May 1, 2014 | $3.0M Seed | 7GC & Co, Flucas Ventures, IPD Capital, Red Swan Ventures, Jonno Elliott | |
| Sep 1, 2012 | $600K Seed | Energy Capital Ventures, Lightbank, Peter Barris |