Coffee Meets Bagel has raised around $7 million in series B funding, an SEC filing has revealed.
It has previously raised funds of around $10 million in equity from investors such as DCM Ventures and Azure Capital.
PitchBook now values the dating service at over $80 million.
The app is focused on the preferences of its female users, who are able to choose who communicates with them.
The site recently launched an adult ‘sleep-away’ camp for users wanting to meet and mingle.
In late 2017, it added a ‘daily video’ section designed to give users a better impression of one another.
On Facebook’s entry into the online dating market, Co-founder Dawoon Kang said: “The fact that a company as big as Facebook is jumping into dating speaks to the growing demand and the market opportunity of this space”.
“We are happy to see Facebook acknowledging the need to create meaningful relationships beyond hookups, as the online dating culture definitely needs to shift away from quantity vs. quality interactions.”
Read more here.