Coffee Meets Bagel Net Worth Is $150 Million: Net Worth, Age, and Growth
Coffee Meets Bagel Net worth is estimated at $150 Million. It is an emerging and well-recognized online dating app that has revolutionized the industry. It has accumulated millions of dollars through multiple sources.
Funding rounds have played a significant role in enhancing the net worth of Coffee Meet Bagels. The remaining wealth has come specifically through market capitalization and revenues. Let us dive deep into the detailed information about the Coffee Meets Bagel including its net worth.
What Do You Know About Coffee Meets Bagel?
Coffee Meets Bagel is a globally known social network and dating service. The three entrepreneurial siblings, Soo Kang, Dawoon Kang, and Arum Kang from New York founded this online dating app on April 17, 2012. As per predictions, Coffee Meets Bagel net worth is $150 Million.
| Real Name | Coffee Meets Bagel |
| Industry Type | Online Dating |
| Founders | 1- Soo Kang2- Dawoon Kang3- Arum Kang |
| Founded | April 17, 2012 |
How Coffee Meets Bagel Was Launched?
After completing their education, the founders of the Coffee Meets Bagel independently started doing their jobs. However, they mutually decided to bring ease to online dating services and thought of launching an online dating app.
Source: Instagram
Thus, they worked on this side project and launched an online dating app on April 17, 2012. They named this app as Coffee Meets Bagel. It became famous in no time because of its exceptional services and strict privacy.
Yearly Growth Rate of Coffee Meets Bagel Net Worth
This online dating platform has shown surprising increases in its net worth from the day it was launched. Millions of folks are installing this app to make interaction with new people. Thus, its net worth is constantly fluctuating from past years. As of 2023, Coffee Meets Bagel net worth is $150 Million.
| Years (2018-2023) | Estimated Net Worth (In Millions) |
| In 2023 | $150 Million |
| In 2022 | $70 Million |
| In 2021 | $40 Million |
| In 2020 | $10 Million |
| In 2019 | $8 Million |
| In 2018 | $5 Million |
Here’s the graph of coffe meets bagel that represents the visual look of yearly net worth growth.
Discuss the Net Worth Sources of Coffee Meets Bagel
The Coffee Meets Bagel net worth has undoubtedly earned an eye-opening amount compared to other online dating apps. The reason behind this is the diligence and smartness of the three siblings.
Here is a brief description of the net worth sources of the Coffee Meets Bagel.
- Coffee Meets Bagel has earned a significant part of its wealth through revenues.
- Founding rounds play a crucial role in increasing the fortune of Coffee Meets Bagel. It goes through different funding rounds, resulting in its multi-million net worth.
- Market capitalization also helps greatly in increasing the coffee meets bagel net worth of the Coffee Meets Bagel.
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Write the Comparison of the Coffee Meet Bagel with other Online Dating Platforms:
Coffee Meets Bagel is dominant among all online dating platforms because of its appreciable privacy. These platforms allow the interaction of different people from various countries. However, Coffee Meets Bagel has earned more wealth than other platforms.
The table below shows the comparison of the net worth of different online dating platforms.
| Platform | Net Worth (in millions) |
| Bo Jackson | $25 million |
| Bumble | $2.29 billion |
| Tinder | $42 billion |
| Coffee Meets Bagel | $150 million |
Valuation of Coffee Meets Bagel:
The valuation regarding the dating app, Coffee Meets Bagel is given in the below-mentioned table.
| Net Worth | $150 Million |
| Lifetime Revenue | $69 Million |
| Annual Revenue | $36 Million |
| Profit | $5 Million |
| Employees | More than 25% |
| Market Share | 13% |
| Founder Equity | 71% |
Coffee Meets Bagel During Shark Tank Appearance:
In 2015, the founders of the Coffee Meets Bagel appeared in season 5 of Shark Tank to find new investors. The fundraising goal of the three sisters was $500k. In return, they were offering 5% ownership of their company. It results in a heated discussion between the sisters and the cast of Shark Tank.
Most of the investors disagreed as they did not find this offer profitable. However, Mark Cuban showed interest. He offered $30 Million for the whole Coffee Meets Bagels, but the sisters rejected his offer as they considered it to be worth more than $30 Million. Thus, they end up with no deal.
Coffee Meets Bagel After Shark Tank:
After appearing on Shark Tank, Three sisters started finding new investors for Coffee Meets Bagel. Eventually, they found new investors and raised the funding through five investment rounds. Despite no investments in Shark Tank, its founders confidently raised Coffee Meets Bagel net worth by millions.
Source: Instagram
Discuss the Physical Statistics of the Founders of Coffee Meets Bagel.
The online dating app, Coffee Meets Bagel was launched by three sisters who are appreciated not only because of their captivating looks but also due to challenging intelligence. Let us check out their physical statistics given in the table below.
| Founder | Height | Eye Color | Hair Color |
| Soo Kang | 5′ 10″ | Dark Brown | Black |
| Dawoon Kang | 5’10” | Blue | Emerald green |
| Arum Kang | 5’6″ | Brown | Black |
Social Media Accounts of Coffee Meets Bagel:
Coffee Meets Bagel has a huge fan following on various social media accounts. The table below shows its official accounts with followers and usernames. For the newest updates, let you visit any of these accounts.
| Accounts Name | Followers | Usernames |
| 338.2K | @coffeemeetsbagel | |
| 51.2K | Coffee Meets Bagel | |
| 139.4K | @coffeembagel | |
| YouTube | 1.4K | Coffee Meets Bagel |
Frequently Asked Questions:
Q- Does Coffee Meets Bagel need a subscription?
Yes! You can use Coffee Meets Bagel for free as it offers free memberships. However, if you want to enjoy its premium features you must use a subscription.
Q- How many users are using Coffee Meets Bagel?
Millions of people are taking advantage of the outstanding online dating app. As per estimations, more than 10 Million users have registered for this app.
Q- What is the purpose of Coffee Meets Bagel?
The main purpose of the Coffee Meets Bagel is to allow users to enjoy a safe and hassle-free dating experience. It results in building meaningful connections between people.
Q- How is Coffee Meets Bagel Different from the other online dating apps?
Coffee Meets Bagel is different from other apps as it only provides a limited number of curated matches regularly instead of providing a large number of curated matches. Its primary preference is the quality instead of the quantity, making it a better platform.
