Coffee Meets Bagel Information, Statistics, Facts and History

Facts Summary for Coffee Meets Bagel

Owner:
Coffee Meets Bagel/SOMA Central
Headquarters:
United States
Business Started:
April 17, 2012
Brands & Partnerships:
Coffee Meets Bagel
Employees:
NA
Main Service Areas:
United States, Canada, United Kingdom, Australia, International
Service Available Via:
iOS and Android

Coffee Meets Bagel History Summary

Coffee Meets Bagel was founded in 2012 by sisters Arum Kang, Dawoon Kang, and Soo Kang. It was first released for iOS and then in 2015 released for Android. Early in 2015 the Coffee Meets Bagel appeared on Shark Tank in which they turned down an offer by Mark Cuban of $30 million for the company (they were asking for $500,000 for 5%). This was by far the largest offer on Shark Tank and garnered them a lot of free publicity for their dating service.

Coffee Meets Bagel (CMB) requires a Facebook account which it uses to retrieve a person's information and photos to setup a profile (called a Bagel). This app was considered one of the first dating apps which is female friendly. Originally a user was given one quality match per day (called a Daily Bagel). In 2016 to compete with Tinder Coffee Meets Bagel introduced a feature called Ladies Choice. Female users now can receive five matches per day from men who have liked their profile. Men of Coffee Meets Bagel can now view 21 potential matches per day. Matches are usually based on mutual Facebook friends you may share with other CMB members near you. You have 24 hours to like your match or it will disappear. If both members like each others profile you can then message them. The app differs from other dating apps by limiting the number of members you can view each day.

The basic features of Coffee Meets Bagel is free. Members can purchase credits (called Beans) or earn them by inviting friends to use the app. Beans are used to unlock enhanced features like revisiting missed matches with Rematch or revealing the identity of a match's mutual friends.

Coffee Meets Bagel Facts By Year

2018

  • General
    • Coffee Meets Bagel has announced the launch of CMB Experiences. These Experiences are real-world events and spaces where people can visit and enjoy together. [1]
    • The first CMB Experience is Camp Meets Bagel. It is an all-inclusive adult summer camp set to take place in May. [1]
    • Since launch Coffee Meets Bagel has made over 2.5 billion introductions on their service which resulted in 112 million chats. [2]
    • Coffee Meets Bagel ahas help create over 50 thousand couples in long-term relationships. [2]

References

  1. Coffee Meets Bagel Launches ‘Experiences’ To Help Users Connect In The Real World
  2. Coffee Meets Bagel Co-Founder Reveals How Men And Women Date Differently

2017

  • General
    • Coffee Meets Bagel has partnered with Yelp and has launched the website Date Spots. This dating tool is designed to help users to find a place to take their dates. [1]
    • Coffee Meets Bagel has partnered with Spotify and has launched the MixTape. This website allows users to create collaborative playlists with their dates. [1]
    • A new feature called 'question of the day' allows users to record up to eight seconds of video answering the question, which then appears in the video section for other users to browse. [2]

References

  1. Coffee Meets Bagel Partners With Yelp And Spotify For New Products
  2. Dating Services Wrap 2017 With A Wave Of New Features

2016

  • General
    • Coffee Meets Bagel new feature called Photo Lab allows users to A/B test photos by uploading two options and letting other users vote for the best one. [1]
    • A new feature called "Ladies Choice", allows female users to receive five matches per day from men who have "liked" their profiles. [2]
    • Coffee Meets Bagels user base is 53% female. [2]
    • "The US Dating Awards" honors Coffee Meets Bagel with an award. [3]

References

  1. Coffee Meets Bagel’s Newest Feature Helps You Pick Your Best Photos
  2. Dating Apps Launch New Features to Compete with Tinder
  3. The US Dating Awards Honor The Best Of The Dating Industry In 2016

2015

  • General
    • CMB dating app now is available on the Android OS. [1]
    • Coffee Meets Bagel goes international and is now available in Hong Kong. [3]
    • Hong Kong users are logging in 4.3 times per day, and 72% log in each day to check their matches. 62% of the Hong Kong user base are women. [3]
    • United States users log in 2.8 times per day. More users in the United States are women than men. [3]
    • Since launch Coffee Meets Bagel has seen consistent 20 percent week on week growth which is primarily driven by Facebook. [4]
    • 98% of membership in both the United States and Hong Kong have bachelors degrees. [4]
    • Coffee Meets Bagel now had an app for the Apple Watch. [5]
    • A tweet from CMB on June 14th about Flag day became a marketing disaster as flag was misspelled. It is also Pride day and people were not happy with the slip up. The tweet was quickly took down and a apology made. [6]
    • The new "Send A Woo" feature allows users to express extra interest in a potential match. [7]
  • Finances
    • Coffee Meets Bagel secured $7.8 million in a Series A financing round led by DCM Ventures (who already is an existing investor). [2]
    • The founders of CMB appeared on Shark Tank looking for $500,000 for 5 percent of Coffee Meets Bagel. Mark Cuban offered them $30 million for the company. They turned him down. [4]

References

  1. Android Users Say A Warm Welcome To Coffee Meets Bagel
  2. Coffee Meets Bagel Secures $7.8 Million in Funding
  3. Coffee Meets Bagel Goes International
  4. Coffee Meets Bagel Heads To Hong Kong
  5. Coffee Meets Bagel Launches on New Apple Watch
  6. Coffee Meets Bagel in Hot Water Over Ill-Timed Tweet
  7. Coffee Meets Bagel Launches Its Own Version Of Tinder's 'Super Like'

2014

  • General
    • Coffee Meets Bagel is an app that provides matches through your Facebook circles. Matches are 90% more likely to say yes to a match with you if you share 4 mutual friends. [1]

References

  1. Mobile Dating Apps on the Rise

2013

  • General
    • Coffee Meets Bagel launches new iOS app and becomes available nation wide. [1]
    • Coffee Meets Bagel has now made more than 1.5 million matches. [1]

References

  1. Coffee Meets Bagel Is Now Nationwide And Mobile

2012

  • General
    • Coffee Meets Bagel the free dating service was created by three sisters: Arum, Dawoon, and Soo Kang and launched in New York city (which it is only available in) on April 17, 2012. [1]
    • New users are verified via Facebook. [1]

References

  1. Coffee Meets Bagel: Daily Deals Meets Dating Site

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Last Updated: Saturday, August 11 2018 @ 04:31 pm| Hits: 3,362 View Printable Version