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Coffee Meets Bagel Start International Expansion In Hong Kong

coffeemeetsbagelhongkong

Coffee Meets Bagel have started their international expansion with a launch in Hong Kong.

The New York-based company launched in the city on 4th March, and say it will be the first of many new market launches.

Earlier in the year, Coffee Meets Bagel closed $7.8m in Series A funding from existing investor DCM Ventures, alongside Quest Ventures Partners and Azure Capital.

The funding will be used for the app’s continued international expansion, and to grow the team.

Founder Dawoon Kang told Forbes that since launch, 72% of Hong Kong users login to check their daily match.

In terms of engagement, they log in 4.3 times a day, which is 33% higher than US users, and spend 7.7 minutes on the app every day – 117% above their US counterparts.

The funding came after the three founding sisters turned down a $30m acquisition offer from Mark Cuban on ABC’s Shark Tank.

Check out photos of their Hong Kong launch party here.

Simon Edmunds

Simon is the former editor of Global Dating Insights. Born in Newcastle, he has an English degree from Queen Mary, London and after working for the NHS, trained as a journalist with the Press Association. Passionate about music, journalism and Newcastle United.

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