San Diego-based SingldOut.com announced it has raised $600,000 in seed funding from undisclosed investors. The startup, founded by two female execs, uses DNA analysis to determine if a potential date has the “chances for long-term chemistry, greater compatibility and overall relationship success.”
For more on the VC-backed online dating scene, affiliate publication VCJ recently reported on “Hot dating apps urging more VCs to swipe right.” VCJ subscribers can read the full story and an accompanying table of venture-backed online dating companies by clicking here. To subscribe to VCJ, click here for the Marketplace.
SingldOut.com Secures More than Half a Million Dollars in Seed Funding
Innovative dating platform kicks off funding with new website, continues to grow in major cities across North America
SAN DIEGO, Calif. – Oct. 28, 2014 – SINGLDOUT, Inc. the first and most popular online dating website to incorporate DNA-based matching, today announces the closing of its seed financing round. The site, which appeals to single professionals, raised well over its initial goal, and will use the funding to continue its expansion to new cities while working to create and launch its corresponding mobile app.
Coined the future of online dating, SINGLDOUT combines traditional online dating with DNA analysis to provide the ultimate solution for busy professionals. Backed by years of research, DNA analysis can determine long-term chemistry and relationship satisfaction. By adding these additional filters, users can search for the partners they are most compatible with both psychologically and biologically, ensuring that not only will there be similarities and attraction online, but offline as well.
“We’re overwhelmed by the positive response we’ve received since the launch of SingldOut.com earlier this summer,” said CEO Jana Bayad. “Closing our seed round was a huge win for SINGLDOUT and one that will help us continue to grow in major cities across North America.”
SingldOut’s funding announcement coincides with the company’s website re-launch, which has been revamped to offer a more modern layout. Users can enjoy upgraded and unique member profiles with increased customizability, and more in-depth search options like the ‘SO Factor,’ incorporating all levels of compatibility.
“Creating the new site with professional singles in mind and offering a fresh, appealing design were decisive goals of the re-launch,” said SINGLDOUT’s CMO, Elle France.
SINGLDOUT’s investors see the huge potential and have committed for the long-haul. The seed funding will allow SINGLDOUT to continue adding improved features to the platform, with the plan to launch a new app in the near future and expand its market reach.
SingldOut.com is available to all singles in North America. To find out more information, or to register, visit www.singldout.com.
SingldOut.com is an exclusive dating site connecting single professionals via LinkedIn. They are the first in the online dating industry to bridge the gap between the digital and biological world of Love. Single professionals will be matched using the latest in genetic and psychological scientific research to help them find the ideal partner with whom they have the best chances for long-term Chemistry, stable relationship, and compatible sex drive.