The deal is actually signed for the erica’s 2nd-biggest relationships business from inside the income

Zoosk’s investors tend to be Bessemer Promotion Partners, ATA Opportunities and you will Canaan Partners. The firm has raised more than $60 mil into the equity.

Until , Zoosk energized no fee first off making use of the app also to publish you to definitely content to some other people. Just like the , get in touch with and you will correspondence beyond the earliest message per people requires a beneficial superior (we.e., paid) registration.

In , Zoosk registered S-1 paperwork to possess a first public giving since it desired in order to increase $100 mil into the financing. On the S-step one, the organization stated 2013 revenues away from $178.dos mil, a great 63% increase across the prior year, and this had clipped losings 87% to help you $dos.six mil. It’s 27 billion participants, where 650,000 was expenses customers, as well as subscription try growing 44% seasons-over-season. Zoosk got reached the position away from no. step one grossing relationships software and you can a premier twenty five grossing application towards the newest AppleiOS App Shop.

Even with $2 hundred million into the money gathered from inside the 2014, and additionally a profit the prior 12 months, Zoosk shed cash in 2014. Simply because the firm overspending toward extension as well as-hiring. The organization was also operating on inception-up idea one to profits do not count. With our issues in the company, Zoosk canceled the IPO into the , it laid off fifteen% of their team. To alter cash, the company to need a premium membership to send messages.