How was Bumble founded?
At first, scarred by the online harassment she endured after the Tinder blowup, Wolfe Herd wanted to make an app where women could give each other compliments. But then Andreev approached her with an idea to start a dating app; Wolfe Herd said she would only do it if women could be in control.
How much did Bumble sell for?
The Bumble app was started in 2014 by Wolfe Herd, who previously co-founded the dating app Tinder. The private equity firm Blackstone Group Inc. took a majority stake in Bumbles parent company in 2019, in a transaction that valued it at $3 billion.
How did Whitney start Bumble?
She founded Bumble with help from early investor Russian billionaire Andrey Adreev, who also has a stake in Badoo, both of which he sold in November 2019. Ms Wolfe Herd owns a 11.6% stake in Bumble, giving her an estimated net worth of $1.3bn. She also heads Badoo.
Why did Whitney Wolfe leave her Tinder?
Wolfe Herd resigned from Tinder in April 2014 due to growing tensions with other company executives. On June 30th she filed a lawsuit against Tinder for sexual harassment. She reportedly received more than US$1 million as well as stock as part of a settlement in September 2014.
What was the IPO price for Bumble?
$43 apiece Shares of Bumble fell sharply Thursday morning, dipping below its initial public offering price of $43 apiece, after the company reported first-quarter results. The company issued what some considered cautious guidance. The dating companys stock dipped more than 17% to hit an all-time low of $38.91 apiece.
What is Bumble IPO date?
Feb. 10 Bumble raised US$2.15 billion in an initial public offering, or IPO, late on Feb. 10, just in time for Valentines Day. Investors swooned over the women-go-first dating app, buying more shares and at a higher price than initially expected, valuing the company at $8.3 billion.
Did Whitney Wolfe create Tinder?
Then, she was involved in a startup called Cardify, which was headed by Tinder co-founder Sean Rad. While the startup was later abandoned, Wolfe Herd continued to work with Rad and joined the development team for the dating app, Tinder. In 2012, Wolfe Herd became a co-founder and vice president of marketing at Tinder.