Hyper-local French app Happn has just announced another $14m in funding, as it reveals plans to expand to Asia.
The dating company’s latest Series B round was led by Idinvest, with participation from Alven Capital, DN Capital, Raine Ventures and angel investors Fabrice Grinda, David Wolfson and Gil Penchina.
This puts Happn’s total funding at $22m.
The funding comes as Happn announces it has reached over 6m users, and is planning to expand the app into Asia.
The founder & CEO of Happn, Didier Rappaport, said: “The 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.
“We’ve experienced phenomenal global growth since launching last year, and we plan to continue expanding into more countries around the world.”
Rappaport, who co-founded DailyMotion, said the funding would also be used to grow the team, and improve Happn’s user experience by adding new functionalities and features.
The app is currently live in over 25 cities in Europe, South America and the US.
Speaking about their decision to lead Happn’s $14m Series B round, Guillaume Durao, Investment Director at Idinvest, said:
“We were impressed by the fast, global growth of Happn’s user base and by the app’s 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.”
It’s another very impressive round of funding from Happn, with investors clearly impressed by the app’s metrics and growth, and believe that its team can continue to replicate this around the world.
And with many talking about VC’s general hesitancy to fund dating companies, Happn has been able to buck the trend, and with $22m in funding, has now raised more than touted US counterpart Hinge.
Earlier this year, the company announced a partnership with Spotify, that allows users to send songs to one another, and add their favourite tracks to their profile.
A few weeks ago, Happn also published a legal certificate, proving that it does not create any fake profiles on the app.
Check out Happn here.