__NOTOC__ Coffee Meets Bagel is a

San Francisco San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...

–based

dating Dating is a stage of Romance (love), romantic relationships in which individuals engage in activity together, often with the intention of evaluating each other's suitability as a partner in a future intimate relationship. It falls into the cate ...

and

social networking A social network is a social structure consisting of a set of social actors (such as individuals or organizations), networks of Dyad (sociology), dyadic ties, and other Social relation, social interactions between actors. The social network per ...

service.

History

Coffee Meets Bagel was created by three sisters: Arum, Dawoon, and Soo Kang. Arum first had the idea for the app in 2011, and the sisters launched the app in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

on April 17, 2012. Coffee Meets Bagel then launched in

Boston Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...

on May 10, 2012 and in

on October 24, 2012. In September 2012, the company announced that it had raised seed funding of $600,000 led by

Lightbank Lightbank is a financial organization that specializes in making venture capital investments including seed investments, Series A round and late-stage investments in companies across the United States. The company was founded in 2010, and is hea ...

, with Match.com co-founder Peng T. Ong also investing. In January 2015, Coffee Meets Bagel was featured on ''

Shark Tank ''Shark Tank'' is an American business Reality television#Investments, reality television series that premiered on August 9, 2009, on American Broadcasting Company, ABC.Hibberd, James (May 10, 2012)Dancing,' 'Bachelor,' and a bigger 'Shark Tank ...

,'' where the sisters sought a $500,000 investment in exchange for 5% of the company. They did not make a deal with any of the sharks, notably turning down

Mark Cuban Mark Cuban (born July 31, 1958) is an American businessman and television personality. He is the former principal owner and current minority owner of the Dallas Mavericks of the National Basketball Association (NBA) and co-owner of 2929 Entertain ...

's hypothetical offer of $30 million to buy the entire company, the largest offer in ''Shark Tank'''s history. In February 2015, the company announced a $7.8 million Series A financing round led by existing investor

DCM Ventures DCM Ventures (commonly DCM, formerly Doll Capital Management) is an American venture capital firm headquartered in Menlo Park, California specializing in early-stage investments in private technology companies. The firm is regarded as one of the f ...

. In May 2018, the company raised $12 million in Series B funding led by Atami Capital. As of 2024, Coffee Meets Bagel's net worth is estimated to be over $150 million, and revenue is estimated to be $36 million each year.

User personal data breach

In February 2019, Coffee Meets Bagel acknowledged that an attacker had stolen "a partial list of user details, specifically names and email addresses" between late 2017 and mid-2018. Outside reporting indicated that as many as 6,174,513 accounts may have been affected and that other details including age and gender may have been taken as well.

August 2023 service disruption

On August 27, 2023, Coffee Meets Bagel's service became unavailable without warning, with the company's engineers stating that they are dealing with a "system outage". Several users have expressed their dissatisfaction on the popular discussion forum Reddit, citing Coffee Meets Bagel's lack of transparent incident explanation and failure to provide service for multiple days. Additionally, users are concerned about the potential leakage of their personal data. The service was restored on September 3. In a FAQ, co-founder and co-CEO Dawoon explained that the outage was due to "an outside actor who maliciously deleted company data and files" and that a thorough investigation was launched to understand the full scope of the incident.

Features

Features of the Coffee Meets Bagel app include limiting the number of profiles users can interact with each day and offering ice-breaker information for matches. In 2020, Coffee Meets Bagel added video virtual speed dating in response to the

COVID-19 Coronavirus disease 2019 (COVID-19) is a contagious disease caused by the coronavirus SARS-CoV-2. In January 2020, the disease spread worldwide, resulting in the COVID-19 pandemic. The symptoms of COVID‑19 can vary but often include fever ...

pandemic.

References

External links