Coffee Meets Bagel

You've heard of wearing your heart on your sleeve, but how about wearing your heart on your wrist?

Purchase an Apple Watch and you could do exactly that.

Tim Cook called the gadget Apple's “most personal device yet,” so naturally developers jumped at the chance to make it even more personal. The smartwatch won't only shake up how we keep time, but perhaps also how we find love on-the-go.

Several of the biggest players in the online dating game were quick to introduce apps when the Apple Watch launched back in April. Match.com, OkCupid, and Tinder (coincidentally – or not – owned by the same parent company) all released apps designed for the device. Each one is an easy extension of your regular online or mobile dating activity.

But it's not just the biggies who are getting in on the ground floor. A few lesser-known dating services have also sprung up for the smartwatch.

1. Watchme88: This watch-first app helps users meet other users nearby in real-time. Set your preferences (gender, location, age) and when a match shows up within the specified radar, both Apple Watches start to glow. If you're shy, you can send your match a message or a wink before approaching in person.
2. Jack'd: Jack’d claims to be the first Apple Watch app for guys looking to meet guys. Users receive notifications in real-time whenever their profile is viewed by someone nearby. The app also offers key insights on who’s viewed your profile and other revealing stats.
3. The Inner Circle: Think you have what it takes to be part of the inner circle? If the answer is yes, try out this app, which prescreens members to “maintain the highest quality.” The Inner Circle has been featured in Cosmopolitan, Men's Health, ELLE and more.
4. PlanetRomeo: PlanetRomeo claims to be one of the world’s largest online dating and social platforms for the gay/bi male and transgender communities. Use your Apple Watch to browse profiles, read messages, and save users to your favorites so you'll be notified when they're online.
5. Close Encounter by 3nder: Feeling adventurous? Try a “real-time blind dating app for open-minded people.” The app does away with profile photos to focus on personality. Your watch will vibrate when a potential match is nearby, then you can decide whether to reveal your location. Close Encounter doesn't exist quite yet, but you can read more about its proposed features on Medium.

Or maybe you're not into the big names or the underdogs. In that case, you have a solid middle-of-the-road option in Coffee Meets Bagel. The company released an Apple Watch version of its popular app that simplifies the dating process by focusing on only one potential match each day.

Apple Watch sales have been through the roof since the product launched, and it is creating a media frenzy (as many of Apple’s product debuts do).

Not many dating apps can be downloaded for the Apple Watch, but Coffee Meets Bagel is one of the first. The company recently announced its launch on Apple’s wearable technology.

Coffee Meets Bagel is a dating app that works through your social media connections, finding matches in your Facebook network and introducing them to you one at a time. At noon every day, CMB presents users with one personalized match or “bagel” – then each user has 24 hours to decide to like or pass. If there’s a mutual like, they can chat over a safe and private line. However, messaging is not indefinite – users will have only a week to set up a date before the private chat line closes.

With Apple Watch, CMB works a little differently. This might signal a new wave of dating technology, since swiping left and right isn’t really an option with an Apple Watch. (Sorry, Tinder.) Instead, apps rely on more hands-free technology, such as voice-to-text functionality.

According to Dawoon Kang, co-founder of the dating app, the Apple Watch app will complement the existing mobile app by "enabling members to do everything more quickly and easily," not to mention hands-free. Apple Watch’s Glance feature allows members to check their daily matches at noon. The watch will display the match’s basic profile and photos – (likely not much information will be available on the small screen, however).

Instead of manually liking or passing, members can “like” or “pass” matches hands-free using the Apple Watch’s voice technology. If two users match, then they are connected and able to chat using voice-to-text technology.

This is good news for those looking for a Tinder alternative. But is wearable technology going to be a new platform for dating apps? Considering CMB works through voice technology (i.e., talking to your Apple Watch) – it might be a little intimidating to use when you’re out at a bar. Do you really want people around you to know that you’re liking or passing on a date, or to overhear your text conversation? Tinder is much more subtle, and no voices needed.

Still, that isn't stopping people from buying the new watch. No word yet on whether CMB's dating app will also be available for wearable Android products.

You may know Coffee Meets Bagel as the company that turned down the largest offer in Shark Tank history.

For those of you keeping score, that would be a mind-blowing $30 million from Mark Cuban.

Entrepreneurs and sisters Arum, Dawoon, and Soo Kang came to the tank seeking $500,000 for 5 percent of Coffee Meets Bagel, a dating service that uses Facebook profile info to make matches between friends of friends. Without flinching, they rejected Cuban's $30 million offer on the grounds that they saw CMB growing as big as Match, a billion-dollar business.

Anyone else wiping sweat off their foreheads just thinking about that?

CMB went on to close a $7.8 million series A financing round earlier this year, and has now started its international expansion with Hong Kong. The sisters chose Hong Kong for their international launch due to “the highly social nature of life in this city,” they told Forbes, “coupled with the fact that people are often time poor thanks to long work hours.”

Dawoon Kang lived in HK for three years while working at J.P. Morgan, so she's well-versed in the city's dating scene. “Hong Kong is a very young, vibrant city full of ambitious singles in their 20s and 30s who are eager to meet new people but have very little time for it,” she explains. Coffee Meets Bagel was designed for exactly that market of busy young professionals, making Hong Kong an ideal choice for expansion.

Dawoon says the service has achieved consistent 20 percent week on week growth since launch, primarily driven by Facebook. Hong Kong members have a substantial number of Facebook friends – nearly 8 times the worldwide standards – resulting in each Hong Kong Coffee Meets Bagel member having around 48 Facebook friends who also use the app. CMB is primed for success in its new home.

The Kang sisters have noticed differences in the way Hong Kong members and US members use the app. Dawoon says: “On average, 72 percent of Hong Kong members log in every day to check their Bagel. Of these, 77 percent are connecting on an iPhone. They log in 4.3 times a day (33 percent higher than US members) and spend a total of 7.7 minutes a day (117 percent higher than US members).”

On the other hand, the gender ratio is similar in HK, NYC, and Washington DC (62 percent of members in Hong Kong are female). Academic achievements are also similar, with 98 percent of membership in both HK and the US boasting bachelors degrees.

From here, the Kangs plan to continue their international expansion, perhaps one day to their birth country of South Korea.

Dating app Coffee Meets Bagel has taken a back seat to the spectacular rise of Tinder the past few years. This however has not daunted the company’s founders, three sisters who left their cushy corporate jobs to fulfill their entrepreneurial dreams. (Not to mention, they wanted to create a dating app that they would like to use!)

Now, the company has taken its carefully executed roll-out in the U.S. and is expanding internationally. Hong Kong was the first place outside of the U.S. where the service was launched.

CMB takes its operations seriously. Instead of giving in to the “more is more” trend in dating - offering unlimited looks at profiles and encouraging users to choose “yes” or “no” in a matter of seconds – this dating app offers users one match per day. And you have 24 hours to mull it over, choosing to like or pass. If you like, you have a week to make a real date happen through the app’s private chat line, or it’s on to the next. In other words, it forces users to carefully consider and follow through, instead of swiping at will and sending a few messages that never lead to a date.

Facebook is a key platform in spreading interest in the app overseas, since Hong Kong users (according to a recent article in Forbes) have an average of 768 Facebook friends each, eight times the worldwide standard. Also, Hong Kong is a highly social city, although people spend more time at work than they do trying to meet people to date. It made for the perfect place to launch the dating app’s international roll-out.

Co-Founder Dawoon Kang lived in Hong Kong for three years, experiencing the dating scene for herself. (She and her current boyfriend met over CMB). “Hong Kong is a very young, vibrant city full of ambitious singles in their 20s and 30s who are eager to meet new people but have very little time for it. Coffee Meets Bagel was designed with these young professionals in mind, which made Hong Kong our perfect market – and our initial results show that,” she told Forbes.

On average, Hong Kong users are logging in 4.3 times per day (33% more than U.S. members), and 72% log in each day to check their matches. Like in the U.S., more CMB members are female – 62% of the Hong Kong user base are women, although there are more single men overall in China.

The service launched in Hong Kong on March 4^th, and before the month was over, the company had made 3,000 connections. According to Kang, CMB has also achieved consistent 20 percent week on week growth.

Coffee Meets Bagel has been overshadowed by its more aggressive competitors (like Tinder), but lately has emerged as a serious, lasting contender in the dating app space. The company is showing its app has real growth potential by securing $7.8 million in a Series A financing round led by existing investor DCM Ventures. Quest Ventures and Azure Capital also participated in the round.

This round of financing is followed by the steadily growing success of an app whose founders like to take things slowly, testing what works in each market (starting with its launch in 2012 to New York and Boston markets) before moving on to the next. Recently, the company expanded from an iPhone-only app to include an Android app as well, opening markets further.

Coffee Meets Bagel sets itself apart by making the dating app experience feel more personal. People are connected through their social networks – through mutual friends on Facebook, for instance – so there is a level of assurance that you can avoid the scammers and fake profiles. Also, CMB users receive only one match per day, avoiding the whole Tinder hook-up potential. Each day, users have 24 hours to message their match, and then a week to set up a date before they vanish into the ethers. The point is to keep the conversation going, instead of just letting messages and matches accumulate while users see who else is out there.

While the design is game-like (you can get “coffee beans” by providing information or referring friends to the service, which in turn can be used to access additional features, like the ability to see who your mutual friends are, or to rekindle the flame with a match you neglected to message in time.) The company also teamed up in certain cities with local businesses to offer discounts to places you could go for a first date, although the growth of the app nation-wide has prevented them from doing this in more than a few major cities.

The additional funding will pay for engineers and developers to help build the core business so it can handle the projected growth in users. While the company hasn’t publicly shared their subscriber figures lately, the interest from investors is telling.

CMB has been compared to dating app Hinge and Are You Interested, which also focus on matches based on mutual social media connections.

The additional financing follows the company’s earlier participation in the TV series “Shark Tank,” where the founders proposed their business plans to celebrity investors in the hopes of gaining additional funding. While they didn’t get it from the TV show’s panel of judges, they have been successful in raising the funds elsewhere.

Coffee Meets Bagel, the service that could win the title of “simplest dating app of all time,” has launched on Android.

Like most dating services, CMB swears it's all about introducing high-quality singles who are on the hunt for meaningful relationships. So far, so good, so blah.

What makes Coffee Meets Bagel stand out is its approach to doing it. CMB operates on three guiding principles:

1. Unless you want to tell others, your dating life should remain private
2. Your friends are the best conduits for your dates
3. Meeting quality people doesn't have to be so awkward or complicated

Those principles became a stripped-down take on the dating app. Users sign in through Facebook, and are matched with one person (their “Bagel”) every day at noon. All they have to do is LIKE or PASS on their Bagel, then kick back and wait patiently until the next noon rolls around.

“We wanted our service to be something that people look forward to everyday, something that can spice up their lunch break,” explains CMB on the About Us page. “Most of our members are busy young professionals, and we know that one thing everyone looks forward to daily is coffee breaks. That led us to choose coffee. There are many things that go well with coffee but we chose Bagels because we launched in New York City!”

If you and your Bagel mutually indicate interest in each other, you're immediately connected by a text message sent from a private company phone line. CMB will also hook you up with free stuff from popular local spots for your first date. How's that for a sweet deal?

If, on the other hand, your Bagel doesn't look like something you want to sink your teeth into, you must wait another 24 hours for your next potential match. It may not be the best app for the impatient, but it's an ideal setup for a busy professional who barely has time to eat lunch, much less surf through hundreds and hundreds of online dating profiles.

Coffee Meets Bagel launched on iOS in August of last year and has since seen double-digit growth and solid engagement from users, TechCrunch reports. Although the mobile market is far from sparse these days, CMB's fresh launch on Android should only boost its already-promising numbers.

Download the app for Android on Google Play and for iOS on the iTunes Store.