Sunday, December 06, 2009

Zoosk Secures $30 Million in Series D Funding - Bessemer, Canaan Partners and ATA Ventures - Zoosk has been redefining the online dating experience


Zoosk Secures $30 Million in Series D Funding

Zoosk, the world's largest social dating community, today announced it has closed a $30 million Series D round of funding. The round was led by new investor Bessemer Venture Partners, the oldest venture capital firm in the United States. Existing investors Canaan Partners and ATA Ventures also participated. As part of the funding event, David Cowan, a partner at Bessemer Venture Partners, joins Zoosk's Board of Directors.

The funds will support the company's rapidly growing user base, continued global expansion, marketing activities in key geographies, and investments in new features and applications.

"Zoosk has been redefining the online dating experience since we launched nearly two years ago, and singles around the world have embraced our fun, safe, and social network-driven approach," said Shayan Zadeh, co-founder and co-CEO of Zoosk. "We are thrilled to begin our partnership with David Cowan and Bessemer Venture Partners as we work with our investors and Board to take advantage of the incredible opportunities for growth in the online dating space.

"Around the world, online dating is an incredibly popular - and successful - way to find and meet someone special," said David Cowan, partner at Bessemer Venture Partners. "It is clear to us that Zoosk has created the best experience and platform for the social networking generation."
Zoosk is the world's largest and fastest-growing online dating service. Since its launch in December 2007, Zoosk has attracted more than 40 million singles from more than 40 countries. Singles can join Zoosk via their social networking sites by adding the Zoosk application on Facebook, MySpace, Bebo, Hi5, and Friendster, via Zoosk mobile (http://m.zoosk.com/), or by signing up at Zoosk.com.

Zoosk recently hit a $30 million run rate based on revenue booked for the sale of Premium Memberships, millions of transactions in Zoosk's virtual economy, and advertising. Singles can purchase Zoosk coins to redeem for virtual gifts and a la carte premium features.
The Series D funding round brings Zoosk's total financing to $40.5 million. Investors include Bessemer Venture Partners, Canaan Partners, ATA Ventures and Amidzad Partners.

About Zoosk
Zoosk is the fastest growing social dating network enabling millions of singles to meet love interests and forge long lasting relationships. Building on users' social graph and taking advantage of opportunities on social networks, Zoosk has created a safe, fun, and delightful online dating experience. Zoosk has quickly grown to a community of over 40 million singles from more than 40 countries around the globe, including United States, United Kingdom, Canada, Australia, France, Italy, Mexico, South Africa and many more. Zoosk is based in San Francisco and was founded in January 2007 by Shayan Zadeh and Alex Mehr. For more information visit: http://www.zoosk.com/.

About Bessemer Venture Partners
Bessemer Venture Partners (http://www.bvp.com/) is a global investment group with offices in Silicon Valley, Boston, New York, Mumbai, and Tel Aviv. As the oldest venture capital practice in the United States, BVP has partnered as an active, hands-on investor in Ciena, Ingersoll Rand, Parametric, Skype, Staples, VeriSign, and W.R. Grace, among many others. More than 100 BVP-funded companies have gone public on exchanges in Canada, India, London, and the United States.

About Canaan Partners
Canaan Partners invests in visionary entrepreneurs and provides them the networks, insights and operational guidance required to build high-performance technology and healthcare companies. Founded in 1987, the firm has raised eight funds and completed more than 77 acquisitions and 52 IPOs. With $3 billion under management and a worldwide footprint, the firm's technology team is committed to catalyzing the growth of innovative companies in the digital media, communications & mobility, enterprise and clean tech sectors. Among its successes are DoubleClick, the leading online advertising solution; Match.com, the most popular online dating site in the world; CommerceOne, the company that pioneered B2B ecommerce; SuccessFactors, the global leader in on-demand performance and talent management solutions; WebLoyalty, a leading provider of online marketing and rewards services; and VOIP equipment supplier Acme Packet, which was one of the top ten performing tech IPOs of 2006. Other Canaan technology investments include Active Networks, Associated Content, BharatMatrimony, Blurb, iYogi, Lending Club, N-trig, ON24, Prime Sense, Tremor Media and Zoosk. Canaan has offices in California, Connecticut, India and Israel. For more information visit http://www.canaan.com/.

About ATA Ventures
ATA Ventures is a venture capital firm focused on seeking out early stage private companies which appear to offer above average prospects for capital growth. With over $450 Million of capital under management, ATA Ventures focuses on Information Technology (IT) and provides seed capital and early stages of financing to these companies.

19 comments:

gilbertlemon said...

成人視訊,色情影片,台灣無限貼圖,美女交友,成人,6k聊天室,ut聊天室,免費視訊,免費視訊,台灣美女貼圖區,免費交友,正妹視訊,成人視訊,正妹星球,情色視訊,dudu 嘟嘟貼圖區,18成人,美女交友,85cc成人片,成人影片,免費視訊,f 罩杯美女圖片,美女交友,成人文學,aqaq 視訊聊天室,av貼圖,美女交友,ut聊天室,080視訊聊天室,視訊聊天室,ut男同志聊天室,免費交友,免費視訊聊天,成人動畫,人之初貼圖區,免費視訊,同志聊天室,ut聊天室,成人視訊,交友聊天室,尼克成人,成人動漫,交友戀愛小站,免費交友

Anonymous said...

that guy looks like such a freakin DOUCHEBAG

Anonymous said...

HAHAHHAA

He's actually richer than you'll ever be loser.

Jorge said...

CALIENTE!

Adam Goldberg said...

This site is a ghetto version of match.com and jdate.com

Branden Jacob said...

What the hell are y'all talking about?

Anonymous said...

you guys are idiots

Anonymous said...

The Treasury Deaprtment expects to recover all but $42 billion of the $370 billion it has lent to ailing companies since the financial crisis began last year, according to a new Treasury report.The Treasury Deaprtment expects to recover all but $42 billion of the $370 billion it has lent to ailing companies since the financial crisis began last year, according to a new Treasury report.The Treasury Deaprtment expects to recover all but $42 billion of the $370 billion it has lent to ailing companies since the financial crisis began last year, according to a new Treasury report.The Treasury Deaprtment expects to recover all but $42 billion of the $370 billion it has lent to ailing companies since the financial crisis began last year, according to a new Treasury report.

kiramatali shah said...

If You Are Tired of Wasting All Your Money on Online Advertising for Your Websites… “Discover the Proven and Simple Methods Used By the Pros to Get 100% Free Online Advertising Traffic Your Website!” It does not matter if your looking for just a couple of hundred extra hits a month or to pump your website full of as much traffic as you possibly.
www.onlineuniversalwork.com

sarah said...

I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

Alena

http://grantfoundation.net

Anonymous said...

Affiliate Marketing On The Internet
Affiliate Marketing is a performance based sales technique used by companies to expand their reach into the internet at low costs. This commission based program allows affiliate marketers to place ads on their websites or other advertising efforts such as email distribution in exchange for payment of a small commission when a sale results.

www.onlineuniversalwork.com

Anonymous said...

think it make sense to think many dating sites operate diffrently with diverse opportunities



---------------
white men

Anonymous said...

it is well known that some dating sites turn blind eye to bogus profile in their books



---------------
dating singles

Anonymous said...

i'm thinking of running dating site purely for the disabled



---------------
dating singles

kiramatali shah said...

How To Make money with affiliate programs Today. Affiliate marketing is the easier and probably the most effective method to make money from the internet. It is basically, a kind of selling technique where potential buyers from your website are directed to the websites of sellers. For every click, the website owner gets a small commission.
www.onlineuniversalwork.com

kiramatali shah said...

How To Make money with affiliate programs Today. Affiliate marketing is the easier and probably the most effective method to make money from the internet. It is basically, a kind of selling technique where potential buyers from your website are directed to the websites of sellers. For every click, the website owner gets a small commission.

www.onlineuniversalwork.com

kiramatali shah said...

How To Make money with affiliate programs Today. Affiliate marketing is the easier and probably the most effective method to make money from the internet. It is basically, a kind of selling technique where potential buyers from your website are directed to the websites of sellers. For every click, the website owner gets a small commission.

www.onlineuniversalwork.com

Dating said...

Free Online Dating

Blogger said...

Trying to find the Ultimate Dating Site? Create an account and find your perfect date.