Happn raises Series B to conquer Asia

News

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.

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. 


Share

Alven bolsters leadership team with Bartosz Jakubowski’s promotion to Partner

Bartosz has been a member of the Alven team since 2019, initially joining as Investment Manager and quickly rising through the ranks…

Read

Creative Fabrica raises $61M to expand its digital platform for the global crafting & design market, accelerating through generative AI

Amsterdam-based Creative Fabrica, a social platform for crafters and designers, has raised $61M in growth capital to offer more resources for its community of 4 million creators. The round is led by Alven, joined by LionTree and TriplePoint with continued participation from Peak Capital, Felix Capital and FJ Labs. The funding will be used towards existing and new creator verticals, further build out of the platform’s designer network, expansion of creative generative AI toolset, and growing the team with senior talent globally.

Read

Dataiku Announced a $200 Million Series F funding at a $3.7 billion valuation

Dataiku, the platform for Everyday AI, today announced $200 million in Series F funding led by new investor, Wellington Management, at a $3.7 billion valuation.

Read