Zoosk Raises $30 Million In Series D Funding
Zoosk is a dating social network that has been growing at a rapid pace. The social network has about 40 million users across 40 countries. This attracted investors to plug in $30 million as part of their Series D round of funding. Investors include Bessemer Venture Partners, Canaan Partners, and ATA Ventures. David Cowan of Bessemer Venture Partners is joining the Zoosk board of directors as a result. The funding will be used for marketing, expansion, and other new features.
“Zoosk has been redefining the online dating experience since we launched nearly two years ago, and singles around the world have embraced our fun, safe, and social network-driven approach,” stated Zoosk co-founder and CEO Shayan Zadeh in a press release. “We are thrilled to begin our partnership with David Cowan and Bessemer Venture Partners as we work with our investors and Board to take advantage of the incredible opportunities for growth in the online dating space.
The company has about a $30 million run rate based on revenue from Premium Memberships. Zoosk also earns revenue from virtual goods and advertising. Zoosk is based in San Francisco and started in January 2007 by Zadeh and Alex Mehr.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry