Hinge app picks up $4.5 mln

Hinge, a NYC-based app that helps users meet new people through friends, has received $4.5 million in funding. The investors included Founders Fund, Lowercase Capital, CAA Ventures, Lumia Capital, Middleland Capital and Great Oaks.

PRESS RELEASE

Hinge, the app that helps you meet new people through friends, has taken on an additional $4.5M from Founders Fund, Lowercase Capital and others (terms undisclosed).

With this new round of funding Hinge will focus on realizing its vision of becoming a social discovery network.

“If Facebook is where you keep in touch with people you already know, Hinge will become the place where you discover, interact, and connect offline with people you want to know. That’s the vision,” said Justin McLeod, Founder and CEO of Hinge.

Hinge has grown its active user base over 300% since the beginning of the year, and now makes over 35K matches per day among young professionals in NYC, DC, SF and other major US cities. What has made Hinge different so far is its focus on quality over quantity and deeper, less-superficial connections. More specifically, Hinge:

1. Surfaces relevant people: By analyzing friend networks and learning tastes over time, Hinge helps users discover people they will actually want to meet.
2. Creates trust and transparency: Hinge pulls in validated profile info from Facebook, like friends in common, workplace, education history and full names.
3. Fosters meaningful interactions: Hinge is designed around helping users form relationships and quickly move the conversation offline.

“Due to the transparency, trust and quality connections that exist within our network, we feel we are well positioned to build a social network that really allows its users to meaningfully interact in a way that quickly leads offline,” said McLeod

Also participating in the round were CAA Ventures, Lumia Capital, Middleland Capital and Great Oaks.

About Hinge
Hinge is a social discovery network that helps you meet new people through friends. Hinge has raised over $8.6M to date. Investors include Founders Fund, Lowercase Capital, Social+ Capital, Great Oaks and Red Swan. Launched in DC in 2013, the company is now located in NYC’s Flatiron district.

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