Regions

Online dating website Zoosk files IPO valued USD100 million

April 17
1:37 PM 2014

Zoosk, an online dating website, has filed for initial public offering intent with the Securities and Exchange Commission. The company has been planning to raise USD100 million in its public debut. Zoosk is a platform were online users could meet prospective partners from all parts of the world, reported TechCrunch. Aside from the intended IPO, the company also posted USD2.6 million net loss from last year and a revenue valued USD178 million.

The online dating site makes use of "algorithmic recommendations technology", said TechCrunch. This enables Zoosk to find the perfect match for one user to another through its "proprietary Behavioral Matchmaking engine." The online site would look at data engaged by its users to be able to get better matches.

The filing also showed details of the company's business operations worldwide including 26 million memberships. The company also has a total of 650,000 paying users from around 80 countries in the world, according to its 2013 data. This was higher by 18 million registered members from 2012.

Zoosk is also the number one dating app on the Apple App Store, reported TechCrunch.

© 2022 VCPOST, All rights reserved. Do not reproduce without permission.
Tags
Share

Comments

Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics