Move over Bumble, Match: Grindr is gearing up to go public via a SPAC and I'd swipe right to that

They're the third dating company to go public in the last three years.

What's the key learning?

Dating companies are often appealing to investors.
That's because they can deliver both strong growth and strong profits.

👉 Background: Grindr is the world's largest social networking app for the LGBTQI+ community. The app was founded back in 2009 and has since grown to host over 27 million users worldwide.

👉 What happened: Grindr is set to go public via a blank-cheque or SPAC merger. It expects to raise about US$384 million from the merger, which will be used to continue building projects that support the LGBTQI+ community.

👉 What else: Grindr is the third big dating company to go public in the last three years, following in the footsteps of Bumble and Match Group, owner of Tinder and OkCupid.

🔔 What's the key learning?

💡 When looking to invest in a tech company, investors are often after one of two things:

A young company with strong growth potential... like Linktree or Go1.
A company that performs well and delivers consistent profits... like Apple or Meta.

💡Dating companies are kinda an all-in-one. They're a bit like large-scale tech companies because if they're successful, they can deliver some hefty profit margins.

💡 But Match group has proven dating apps can actually drive BOTH strong growth and strong profits. It's a rare combo, and one that will help Grindr get the bag at merger time.

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Move over Bumble, Match: Grindr is gearing up to go public via a SPAC and I'd swipe right to that

What's the key learning?

🔔 What's the key learning?

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