{"id":318,"date":"2015-10-08T13:47:37","date_gmt":"2015-10-08T13:47:37","guid":{"rendered":"https:\/\/www.dncapital.com\/blog\/?p=318"},"modified":"2018-06-08T13:48:55","modified_gmt":"2018-06-08T13:48:55","slug":"dating-app-happn-raises-14-million-in-series-b-round","status":"publish","type":"post","link":"https:\/\/www.dncapital.com\/blog\/dating-app-happn-raises-14-million-in-series-b-round\/","title":{"rendered":"Dating App happn Raises $14 Million in Series B Round"},"content":{"rendered":"

Paris, France (October 1, 2015) —\u00a0Happn<\/a>, the hyper-localized dating app that connects people the moment their paths cross, closed a $14 million Series B funding round led by Idinvest with participation from Alven Capital, DN Capital, Raine Ventures and private individuals\u00a0Fabrice Grinda, David Wolfson and Gil Penchina. To date, the company has raised a total of $22 million. The new funding round will be used to drive expansion into Asia and grow its presence in its existing markets.<\/h3>\n

\u201cThe mobile dating space has grown substantially in the last few years and all signs point to its continued proliferation with happn really defining the hyperlocal dating game,\u201d said Didier Rappaport, Founder and CEO of Happn.<\/h3>\n

He continued: \u201cWe\u2019ve experienced phenomenal global growth since launching last year, and we plan to continue expanding into more countries around the world.\u201d<\/h3>\n

\u201cIn addition to expansion into new markets, this new round of funding will also enable us to grow our team and enhance the user experience by building new functionalities that add to the current features that our members already enjoy.\u201d<\/h3>\n

The real-time, hyper-localized app, which recently reached six million global users in more than 25 cities lets users seize everyday coincidences, avoid missed connections and take advantage of paths crossed in real-life. Happn will continue growing its reach by expanding into Asia and increasing its presence in Europe, South America and the United States.<\/h3>\n

\u201cIdinvest is thrilled to lead this round of financing and to support one of the most international Paris-born startups,\u201d said Guillaume Durao, Investment Director at Idinvest. \u201cWe were impressed by the fast, global growth of Happn\u2019s user base and by the app\u2019s early retention and conversion metrics when we first met the management team. Even more importantly, we believe in the very fresh and modern product developed by the company and the positive, urban, trendy and fun associations made with the Happn brand in the dating space.\u201d<\/h3>\n

\u201cWe\u2019ve been supporting Happn since the very first version of the application a little more than 18 months ago,\u201d said Jeremy Uzan, Partner at Alven Capital. \u201cDuring this time, we\u2019ve never doubted the ability of this exceptional team to position Happn as a global leader in the new generation of dating tools. We\u2019re very proud to follow this adventure with Didier Rappaport and his team and to contribute by giving them the right means for their strong ambitions.\u201d<\/h3>\n

\u201cThe Happn team has continued to significantly outperform, and we at DN Capital are happy to continue to support their expansion and development,\u201d said Nenad Marovac, Managing Partner at DN Capital.<\/h3>\n

\u201cHappn is revolutionizing the way we make connections and has emerged as a clear leader in the fields of social networking and online dating,\u201d said Gordon Rubenstein, Managing Partner of Raine Ventures. \u201cHappn embodies the key qualities Raine looks for in a portfolio company and has already achieved tremendous global growth in a very short period of time. We are excited to partner with Happn and its talented management team as it continues to gain momentum.\u201d<\/h3>\n

<\/h3>\n

ABOUT HAPPN<\/strong><\/h3>\n

Happn is the very first real-life dating app that helps you discover the people you have crossed paths with who you would like to find again. Every time you cross paths with another Happn user, his or her profile appears on your app. The company launched in Paris in early 2014 and is now in more than 25 major cities throughout the world with 6,5 million members.<\/h3>\n","protected":false},"excerpt":{"rendered":"

Paris, France (October 1, 2015) —\u00a0Happn, the hyper-localized dating app that connects people the moment their paths cross, closed a $14 million Series B funding round led by Idinvest with participation from Alven Capital, DN Capital, Raine Ventures and private […]<\/p>\n","protected":false},"author":2,"featured_media":319,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-portfolio-news"],"_links":{"self":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/comments?post=318"}],"version-history":[{"count":1,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/318\/revisions"}],"predecessor-version":[{"id":320,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/318\/revisions\/320"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/media\/319"}],"wp:attachment":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/media?parent=318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/categories?post=318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/tags?post=318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}