Coffee Meets Begal is estimated to be worth $150 million as of the beginning of 2024. Also, the company has $16 million in annual revenue. In January 2015, it appeared on Shark Tank Season 6 Episode 13 of Shark Tank USA and left without a deal. Mark Cuban offered $30 million for 100% of the company, but the founders rejected the offer. However, the company stayed steady without a deal on Shar Tank and was successfully still in business in January 2024. Let’s find out how it has reached this success over the years.
Coffee Meets Bagels Net Worth in 2024
| Net worth | $150 million |
| Annual Sales Revenue | $16 million |
| Profits | – |
| Lifetime sales | $69 million |
| Investor | – |
| Founders | Arum, Dawoon, and Soo Kang |
| Employees | 80 |
Coffee Meets Bagel raised over $23 million soon after the show aired. So, the company was valued at around $ 1 million when it appeared on the show.
Now, the company is valued at $150 million as of 2024. But the company has a post-money valuation estimated at around $50-$100 million.
Coffee Meets Bagel Sales And Revenue
Before appearing on Shark Tank, Coffee Meets Bagel had already received an investment from Lightbank totaling over $600,000. This funding, combined with an investment from Match.com co-founder Peng T. Ong.
The dating app “Coffee Meets Bagel” is still going strong today and will be worth a lot, between $50 million and $100 million by the end of 2023.
The company has an annual revenue of $16 million and is estimated to have a net worth of around $150 million in 2024.
Many people have found successful relationships through the app, and the number keeps increasing.
Net Worth Timeline
| Net Worth 2024 | $150 million |
| Net Worth 2023 | $150 million |
| Net Worth 2022 | $70 millon |
| Net worth 2021 | $10 million |
| Net Woth 2020 | $4 million |
| Net worth valuation 2015 after appearing on Shark Tank | $10 million |
| Net worth valuation 2015 before appearing on Shark Tank | $10 million |
Competitors Of The Coffee Meets Bagel
There isn’t any app with precisely similar features. However, dating apps like Tinder, Bumble, Hinge, and many others in the market can take as their competitors.
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Coffee Meets Bagel Shark Tank Update
| Company Name | Coffee Meets Bagel |
| Product | Dating platform for singles |
| Episode | Shark Tank Season 6 Episode 13 |
| Founders | Arum Kang, Dawoon Kang, and Soo Kang |
| Asked For | $500 000 for 5% of equity |
| Final Deal | No deal |
| Shark | No Shark |
| Location | San Francisco, United States |
The dating app received more customer attention after the show aired.
After appearing on Shark Tank, Coffee Meets Bagel reached out to additional investors and raised over $23.2 million through five funding rounds. The DCM ventures and Atami Capital are the primary funding partners. In February 2015, Coffee Meets Bagel announced a $7.8 million Series A financing, and in May 2018, the company raised $12 million in a Series B funding round.
Also, the company generates around 500 couples per week. Following this, it created 200 marriages and 20,000 relationships. The company had over 2.5 billion people introductions. This resulted in 100,000 plus happy couples by 2018.
In their New York City headquarters, Coffee Meets Bagel has a wall of fame honoring some early users who found their matches and married.
Since its launch, the website has generated over 50 million matches. And it is worth $150 million with 16 million yearly revenue.
What Is Coffee Meets Bagel?
Coffee Meets Bagel is a free dating app that gives you matches (they call bagels) daily at noon. You can use it on your iPhone or Android phone.
The San Francisco-based dating app has achieved a significant achievement on the Apple App Store.
According to company plans, the app has expanded towards users in Singapore and Hong Kong since 2022.
Also, they didn’t forget to introduce video virtual dating features to the app following the COVID-19 pandemic. They added a speed dating feature that utilizes video to adapt to the new social climate during a pandemic.
Coffee Meets Bagel has accumulated many premium features throughout the years, including profile enhancements, additional likes and comments, and exclusive access to premium member feeds.
Following the attention they gained from Shark Tank, it has over 10 million users. Also, it ranked on the top list of best dating apps last year.
The Coffee Meets Bagel Official Site- Coffeemeetsbagel.com
The Coffee Meets Bagel Instagram- @coffeemeetsbagel
Coffee Meets Bagel Founders
Arum Kang, Dawoon Kang, and Soo Kang are the founders and owners of Coffee Meets Bagel. They were born and raised in South Korea. Later, they migrate to the USA for higher education. Arum was a Harvard Business School MBA graduate, and Dawoon was a Stanford MBA graduate.
They started creating the company in 2011 And launched the App in 2012.
FAQ
Yes, Coffee Meets Bagel is Still In business
It has $16 million in annual revenue at the end of 2023.
It has a net worth of $150 million at the beginning of the year 2024
None of the Sharks invested in the company. But they received investments outside the shark tank after the show.
The App has a paid subscription service.
No, the owners rejected Mark Cuban’s historic $30 million offer. And they left the Shark Tank without a deal.
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