Badoo
Company

Last deal

$30M

Amount

Series A

Stage

01.01.2008

Date

1

all rounds

$30M

Total amount

date founded

Financing round

General

About Company
Badoo is a dating-focused social network that connects users to make friends, chat, and share interests.

Related to

MagicLab

MagicLab

MagicLab is a company that owns and operates popular dating and social networking platforms like Badoo, Bumble, Chappy, and Lumen.

Sector

Software and Computer Services

Subsector

Consumer Digital Services

Location

London, UK

total rounds

1

total raised

$30M

Industry

Sector :

Subsector :

founded date

01.10.2006

Number of employees

Company Type

For Profit

Last funding type

Series A

IPO status

Private

Description

With over 340 million registered users, Badoo is a freemium social network that offers a wide range of free services and paid special features to help users meet new people. The network is growing by 400,000 new users every day, with the fastest growth among young adults aged 25 to 35 who are looking to make new friends. Badoo is based in London, with offices in Moscow and San Francisco, and has 350 employees. The location-based hot-or-not game called Encounters, launched in 2007, allows users to find people in their local area with the help of photo, interests, and profile info. The double opt-in feature avoids users getting messages from people they don’t like, and using the People Nearby feature, users can browse and filter people based on location, interests, and age.
Contacts

location

Social url

Legal Names

Legal name

Badoo Trading Limited
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Financials

Funding Rounds
1
1

Number of Funding Rounds

$30M

Money Raised

Their latest funding was raised on 01.01.2008. Their latest investor FinSight Ventures. Their latest round Series A

Date 
Funding Round 
Investors 
Money Raised 
Lead 
FinSight Ventures

FinSight Ventures

FinSight is a global VC firm focused on FinTech and enterprise IT.

Sector

Industrial Support Services

Subsector

Professional Business Support Services

Location

Palo Alto, CA, USA

count Of Investments

47

count Of Exists

7
Co-Investors
Investors
1
1

Number of lead investors

1

Number of investors

Investor 
Lead 
Round 
Partners 
FinSight Ventures

FinSight Ventures

FinSight is a global VC firm focused on FinTech and enterprise IT.

Sector

Industrial Support Services

Subsector

Professional Business Support Services

Location

Palo Alto, CA, USA

count Of Investments

47

count Of Exists

7
Victor Remsha

Victor Remsha

Victor Remsha is a partner at FinSight. Victor is a founder of a large investment group – Finam Investment Holding, which consists of a global multi-asset trading network for active traders with over 155k customers globally and $240 Billion in transactions in 2013, asset management business, commercial bank, US registered broker-dealer – WhoTrades Inc., and other companies. Since early 2000’s, Victor has been personally investing in Internet companies. Together with Alexey Garyunov, he launched the largest publicly traded mutual fund in Eastern Europe specializing in TMT and Internet sectors. Victor’s successful investment track record has been recognized by Forbes magazine when he was named as #2 most renowned Russian Internet investor.

current job

FinSight Ventures
FinSight Ventures
Acquisitions
2
Acquiree Name 
Date 
Price 
Acquisition Name 
Huggle App acquired by Badoo

Huggle App acquired by Badoo

acquirer

Badoo
Badoo

date

16.03.2018

type

Acquisition
Huggle App

Huggle App

Huggle App is a dating and friendship app that matches users based on shared places.

Sector

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Subsector

Consumer Digital Services

Location

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Lulu acquired by Badoo

Lulu acquired by Badoo

acquirer

Badoo
Badoo

date

09.02.2016

type

Acquisition
Lulu

Lulu

Lulu is a mobile app that allows women to privately review and recommend guys.

Sector

Software and Computer Services

Subsector

Consumer Digital Services

Location

New York, NY, USA

total rounds

3

total raised

$3.5M

People

Founders
1
Andrey Andreev
Andrey Andreev

Andrey Andreev

Andrey Andreev is the CEO of the social audio app, Stereo, the Founder of Badoo and the founding partner of Bumble, Chappy and Lumen. Andrey’s pioneering work in dating and social discovery has helped define how people meet in the modern, mobile age. Andrey founded Badoo in 2006 after a series of successful early internet ventures, including Virus, SpyLog, Begun, and Mamba. Badoo experienced explosive international growth through his leadership, launching the first mass-consumer mobile dating application on iOS and Android in 2009. Andrey is credited with the development of many industry standard features, including profiles that enable people to “vote” on other users and paid features like virtual gifts, the ability to “rise up” in the search results, or the ability to see “who likes you”. In 2014, he partnered with Whitney Wolfe Herd to create Bumble with the mission to end misogyny by empowering women to make the first move. Two of his latest products include Lumen, ending ageism by helping over 50s meet, and Chappy, the safe space for gay connections. All of these platforms leverage the shared product and technology infrastructure Andrey had built with Badoo. In June 2019, Andrey consolidated Bumble, Badoo and his other dating apps into MagicLab, his umbrella of internet companies with over 600 million users worldwide and 600-member team, marking the first major step toward an IPO. Andrey has transformed the lives of hundreds of million people around the world. He and his team at MagicLab have innovated new ways for people to meet through the magic of technology. In November of 2019, Andrey announced that Blackstone took a majority stake in MagicLab, valuing the company at approximately $3 billion. As part of the acquisition, Andrey sold his stake and stepped down from the business, handing the CEO role to Whitney Wolfe Herd.

current job

Stereo
Stereo

count Of Investments

1

count Of Exists

1

Andrey Andreev

Employee Profiles
159

Yaroslav Kopylov

Mobile qa engineer

Anton Bondarenko

Anton Bondarenko

Product Manager

Alexey Vavelyuk

Data scientist, product

Dominic Gallello

Dominic Gallello

Chief Marketing Officer

Yulia Nayda

Payments and pci dss compliance project manager

Satveer Aujla

Technical recruiter

Gianluca Cassaro

Head of billing and payments

Ivan Biryukov

Head of mobile engineering

Activity

Recent News
0