Not even a year has passed since Alven invested in a Series A round with geolocation-powered dating app Happn in October of last year. In that time, the service has grown from 200k to over 6 millions users, an explosive 3,000% growth across Europe, North America and Latin America. While the service was hatched in Paris, France and now boasts a truly global footprint: its most popular city is now São Paulo, Brazil.
To capitalize on this momentum and expand in the untapped markets of Asia, Happn is raising this Series B of €12,5M/$14M led by IdInvest with Alven Capital following on their Seed and Series A investment, as well as by DN Capital, Raine Ventures and several business angels. Happn’s recent performance shows a healthy business and promising future that we are excited to support. Didier Rappaport and his team have proved masterful so far at acquiring new users for the app and sustaining their interest despite the competitive landscape in dating apps and user acquisition in general. We look forward to celebrating their membership reaching the 10 Million mark, a milestone they expect to pass by the end of this year.
