Coffee Meets Bagel Net Worth 2020

Coffee Meets Bagel is a popular dating app designed to provide relationship platforms to singles to find their perfect partners.

Coffee Meets Bagel is ideal for singles with hectic lifestyles who want to get connected with other common-minded people to get their love effortlessly.

About Coffee Meets Bagel and Net Worth

About Coffee Meets Bagel

Three sisters in their early 30s namely, Arum, Dawoon, and Soo Kang launched Coffee Meets Bagel in New York City on April 17, 2012.

The sisters trio emigrated to the U.S. from South Korea and studied in Harvard Business School, Stanford Business School, and Parsons School of Design respectively.

All of the three left their 6-figure paying jobs for this relationship startup.

Coffee Meets Bagel was an instant hit in New York City and received high demand from other cities like San francisco and Boston because of their quality service.

Now they have services in the 6 cities below –

New York
San Francisco
Boston
Los Angeles
Washington D.C.
Chicago

They also launched an android app initially with a unique feature to set a limit to the number of matches a user can get everyday. Later they launched iOS version of CMB app on Apple App Store.

Coffee Meets Bagel Net Worth

Соffее Мееtѕ Ваgеl hаѕ an approximate net worth оf аbоut $150 mіllіоn.

In January 2015, Coffee Meets Bagel was featured on Shark Tank. Mark Cuban offered to purchase the CMB in $30 million but three sisters declined the proposal.

After one month of declining the huge offer, they proved themselves right by raising funds around $7.8 million in external Series A funding from investor DCM Ventures.

In May 2018, the Coffee Meets Bagel received $12 million in Series B funding from Atami Capital.

How Coffee Meets Bagel Works

You need a facebook account to sign up on Coffee Meets Bagel. CMB uses Facebook profile information to recommend suitable matches to you.

CMB will share you one person profile every day at noon, you have the option to like or pass and you can make contact in just 7 days.

You don’t get any random people suggestions, but you often have a friend of a friend’s suggestions picked from facebook.

If you both give consent by clicking on the ”Like” button, then CMB set up communication through text messaging with the help of a secure private phone line.

Coffee Meets Bagel offers you interest-free gifts for dating spots in the city you are living to accomplish your first date.

Coffee Meets Bagel proudly brags about having more female users and they are keen to address women’s needs that other similar platforms overlook.

You won’t get creepy messages from f*cking assh*les, but some genuine people to connect with.

Pros of Coffee Meets Bagel