Video Dating App Yidui Raises $10m Series A+

Yidui, a China-based video dating app by Beijing Milian Technology & Trade, has raised up to $10 million Series A+ in a funding round led by XVC. 

Previously, the platform had secured backing from BlueRun Ventures, a firm that has worked with startups across the technology sector including Hello Heart and Dyspatch.

Owners Milian claim Yidui has over 10,000 active matchmakers, and arranges over 3 million dates every month. It targets lower-tier cities in China, as does Momo property Qianshou Love.

The umbrella is hoping the latest round will help it to cross $142 million in turnover by the end of 2019. 

“China has 220 million single people, however, an efficient and interesting product to serve their needs for dating and building relationships is lacking,” said Hu Boyu, partner of XVC. 

“Yidui made its innovations in advancing the online dating experience, which is highly appreciated by users and gradually contributes to high retention and engagement levels.

“The team has rich experience as well as deep understanding regarding products and users. We are optimistic about its future growth.”

Tencent, one of the world’s largest technology companies, announced it was launching multiple China-targeted dating apps in Q4.

One project, ‘Maohu’, is a video dating product wherein users can only communicate through five-minute “dating sessions”. 

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