Social Dating Service Zoosk Raises $30 Million
-
Comments (View)
- Text Size: A A
-
Email
-
Share
Social dating network Zoosk just announced it has raised $30 million in a fourth round of funding led by Bessemer Venture Partners. This is the latest $25 million-plus round by a startup in the social space, following others last month by RockYou and Playdom—a sign that the venture capital market is definitely coming around. And, indeed, it was only in June that Zoosk brought in $6 million in its third round.
Zoosk—which is accessed via apps on social networks, including Facebook, MySpace, and Bebo—now says it has been used by 40 million singles, up from the 30 million users it said it had in June. The company says its revenue recently hit a $30 million “run rate,” which it said it brought in via the sale of premium memberships, virtual goods, and ads.
SEE ALSO: Dating Service Zoosk Raises $6 Million In Third Round
In a release, Zoosk says it will use the new funds for “continued global expansion, marketing activities in key geographies, and investments in new features and applications.”
Other investors in this round include Canaan Partners and ATA Ventures. With this latest funding, the company will have raised $40.5 million since its launch two years ago; Zoosk also raised a $4.1 million second round in June 2008.
Posted In: Money, M&A & Venture Capital, Venture Capital, Social Media, Community
Barnes & Noble (Paid)
Social Standing
Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?
Show Me: