Coffee Meets Bagel: The Success Story and Net Worth

Are you tired of swiping left and right on dating apps with no luck? Do you find it overwhelming to browse through hundreds of profiles every day? If you answered yes, then Coffee Meets Bagel may be worth trying out. In this article, we will dive deep into the features, pros, cons, and overall worth of using Coffee Meets Bagel.

What is Coffee Meets Bagel?

Coffee Meets Bagel (CMB) is a dating app. The app provides users with a limited number of potential matches each day, based on their preferences, activity, and location. Unlike other dating apps, Coffee Meets Bagel only allows users to message each other once they have both expressed interest in each other. The app also has a “Photo Lab” feature that allows users to upload two pictures and have other users vote on which one they prefer. Coffee Meets Bagel is free to download, but users can purchase in-app currency, called “beans,” to unlock additional features.

CMB’s Founders and Their Net Worth

Coffee Meets Bagel was founded in 2012 by three sisters: Arum, Dawoon, and Soo Kang. These talented entrepreneurs have seen their individual net worth grow exponentially as the business has flourished.

Arum Kang

Arum Kang, the CEO of Coffee Meets Bagel, has an estimated net worth of $10 million. Before founding CMB, Arum worked at various tech companies, including Amazon and Avon. She holds an MBA from Harvard Business School.

Dawoon Kang

Dawoon Kang, the COO of Coffee Meets Bagel, also boasts an impressive net worth of $10 million. Prior to CMB, she worked in investment banking and holds an MBA from Stanford Graduate School of Business.

Soo Kang

Soo Kang, the CCO of Coffee Meets Bagel, has an estimated net worth of $10 million. She has a background in graphic design and branding, with experience at companies such as Samsung, IDEO, and her own design studio.

The Innovative Dating App

Coffee Meets Bagel, launched in 2012, has redefined online dating by focusing on quality over quantity. The app stands out from its competitors with its unique “Bagels” and “Beans” system, which encourages meaningful connections and thoughtful engagement.

Every day at noon, the app presents users with a curated selection of potential matches, called “Bagels.” If both parties express interest, they are connected and can start chatting. Users can also earn or purchase in-app currency called “Beans” to unlock additional features and enhance their experience.

The Shark Tank Experience

The Kang sisters appeared on Shark Tank in 2015, seeking a $500,000 investment for a 5% equity stake in their company. Despite receiving a $30 million buyout offer from Mark Cuban, the largest in Shark Tank history, they boldly declined the offer, confident in their app’s potential and committed to maintaining control of their vision.

CMB’s Funding Rounds and Valuation

Coffee Meets Bagel has raised a total of $23.2 million in funding over 4 rounds. The app’s valuation has increased significantly with each round, reflecting its growing success and popularity.

Funding Round Details

1. Seed Round (2012): Raised $600,000
2. Series A (2015): Raised $7.8 million
3. Series B (2016): Raised $12 million
4. Series C (2018): Raised $3.4 million

Pros and Cons of Coffee Meets Bagel

Pros

1. Curated Daily Matches: Coffee Meets Bagel’s algorithm provides a limited number of daily matches, encouraging users to focus on quality connections rather than endless swiping.
2. Meaningful Conversations: Icebreaker questions and in-depth profiles promote engaging conversations between users.
3. Safety and Security: The platform uses profile verification and provides reporting and blocking options, ensuring a secure environment for users.
4. Targeted Audience: CMB is designed for singles seeking genuine, long-lasting relationships rather than casual encounters.
5. User-Friendly Interface: The app’s clean design and intuitive navigation make for a pleasant user experience.

Cons

1. Limited Daily Matches: Some users may find the small number of daily matches restrictive, particularly if they don’t receive matches that align with their preferences.
2. Premium Features: Many valuable features, such as read receipts and activity reports, are locked behind a premium subscription, which may not suit all budgets.
3. Geographical Limitations: Coffee Meets Bagel’s user base is primarily concentrated in urban areas, which may result in fewer matches for users in rural locations.
4. No Desktop Version: The platform is only available as a mobile app, which may not be ideal for those who prefer browsing on a desktop or laptop.

How to Find Matches on Coffee Meets Bagel?

Coffee Meets Bagel aims to help users find quality matches by providing a curated list of potential connections daily. To find matches on Coffee Meets Bagel, follow these steps:

1. Set Your Preferences: During the sign-up process, you’ll be asked to specify your preferences for potential matches, such as age range, gender, distance, ethnicity, religion, and other criteria that are important to you. These preferences will help Coffee Meets Bagel’s algorithm curate a list of suitable matches for you.
2. Receive Daily Bagels: Each day at noon, Coffee Meets Bagel will send you a list of potential matches (called Bagels) based on your preferences and activity on the app. The algorithm considers various factors, such as mutual friends, shared interests, and profile information, to provide you with a curated selection of matches.
3. Like or Pass on Bagels: When you receive your daily Bagels, you can either like or pass on them. If you both like each other, the app considers it a match, and you can communicate with each other within the app.
4. Discover Section: In addition to your daily Bagels, you can also browse through additional profiles in the Discover section. Here, you can find matches that may not fit your exact preferences but could still be of interest to you. You can use the in-app currency (Beans) to like profiles in this section.
5. Messaging and Communication: Once a match is made, you can engage in private conversations within the app’s chat feature. Use the information from your match’s profile and icebreaker answers to initiate meaningful conversations and explore your compatibility.

By following these steps and actively engaging with the platform, you’ll increase your chances of finding compatible matches on Coffee Meets Bagel, leading to more meaningful connections and potential long-lasting relationships.

How to Sign Up for Coffee Meets Bagel?

Signing up for Coffee Meets Bagel is a straightforward process designed to get you started on your online dating journey. Follow these steps to create your account:

1. Download the App: Coffee Meets Bagel is available as a mobile app on both iOS and Android platforms. Visit the App Store or Google Play Store, search for “Coffee Meets Bagel,” and download the app to your device.
2. Open the App: Once the app is installed, open it to begin the registration process.
3. Choose a Sign-Up Method: You can sign up for Coffee Meets Bagel using your Facebook account or your phone number. If you choose to sign up with Facebook, the app will request access to your public profile information. If you prefer to use your phone number, you’ll need to verify it through a text message.
4. Complete the Onboarding Process: Follow the in-app prompts to set your preferences, such as age range, gender, distance, and other criteria that are important to you in a potential match.
5. Create Your Profile: Upload high-quality photos, write a captivating bio, and answer icebreaker questions to make your profile stand out. A complete and engaging profile increases your chances of forming meaningful connections.
6. Set Your Location: Allow the app to access your location to provide you with matches in your local area. You can also manually set your location if you prefer not to share your exact whereabouts.

After completing these steps, you’ll be ready to start receiving daily Bagels and engaging in conversations with potential matches on Coffee Meets Bagel.

Setting Up Your Profile on Coffee Meets Bagel?

Creating an appealing and comprehensive profile is crucial to attracting potential matches and fostering meaningful connections on Coffee Meets Bagel. Follow these tips to set up your profile effectively:

1. Upload High-Quality Photos: Choose 4-6 high-quality, recent photos that showcase your personality, interests, and lifestyle. Make sure your primary photo is a clear, well-lit headshot, and consider including a mix of solo and group shots. Avoid using blurry images or photos with distracting backgrounds.
2. Write a Compelling Bio: Your bio is your chance to introduce yourself and share what makes you unique. Keep it short, sweet, and intriguing, with a focus on your hobbies, passions, and what you’re looking for in a match. Aim for a balance between lighthearted and sincere, and avoid clichés or generic statements.
3. Answer Icebreaker Questions: Coffee Meets Bagel provides a selection of icebreaker questions to help spark conversation between users. Answer these questions thoughtfully and honestly, as they can be a great conversation starter and give potential matches insight into your personality.
4. Set Your Preferences: Specify your preferences for potential matches, such as age range, gender, distance, ethnicity, religion, and other criteria that are important to you. These preferences will help Coffee Meets Bagel’s algorithm curate a list of suitable matches for you.
5. Verify Your Profile: Some users may be prompted to verify their profile through a photo verification process. This step is essential to maintaining a secure and trustworthy environment on the platform, and it can also increase your chances of making genuine connections.

How Coffee Meets Bagel Works?

Coffee Meets Bagel is an innovative dating platform that focuses on providing users with a curated selection of potential matches, emphasizing quality connections over quantity. Here’s a step-by-step guide on how Coffee Meets Bagel works:

1. Sign Up: Begin by signing up with your Facebook account or your phone number. Coffee Meets Bagel uses this information to verify your identity and ensure a secure user experience.
2. Create Your Profile: After signing up, create a comprehensive profile by uploading high-quality photos, writing a captivating bio, and answering icebreaker questions. A complete and engaging profile increases your chances of forming meaningful connections.
3. Set Your Preferences: Specify your preferences, such as age range, gender, distance, and other criteria that are important to you in a potential match.
4. Receive Daily Bagels: Every day at noon, Coffee Meets Bagel’s algorithm curates a list of potential matches (called Bagels) based on your preferences and activity on the app. This curated selection allows you to focus on a limited number of high-quality matches instead of endless swiping.
5. Like or Pass on Bagels: Browse through your daily Bagels and decide if you’d like to like or pass on them. If you both like each other, it’s considered a match.
6. Messaging and Communication: Once a match is made, you can engage in private conversations within the app’s chat feature. Take the opportunity to ask your match about their interests, hobbies, and experiences based on their profile and icebreaker answers.
7. Keep the Conversation Going: To maintain engagement and foster a genuine connection, keep the conversation flowing with interesting and thought-provoking questions or topics.

By following these steps, you can maximize your chances of finding meaningful connections on Coffee Meets Bagel, paving the way for potential long-lasting relationships.

Coffee Meets Bagel Pricing

Coffee Meets Bagel offers both free and premium membership options. The basic features are available to all users for free. While additional features can be accessed by upgrading to a premium subscription.

Free Membership

With a free membership, you can access the following features:

1. Curated daily matches (Bagels)
2. Profile creation and customization
3. Messaging with mutual matches

Premium Membership

A premium subscription unlocks additional features to enhance your experience on the platform. The pricing for the premium membership is as follows:

1. 1 month: $34.99
2. 3 months: $74.99 ($24.99 per month)
3. 6 months: $119.99 ($19.99 per month)

Premium membership benefits

1. Activity reports on matches
2. Read receipts for messages
3. Unlimited likes
4. Bonus Beans (in-app currency)

You can also purchase in-app currency (Beans) separately to access specific premium features without a full subscription. Beans can bought in the following packages:

1. 100 Beans: $1.99
2. 2,000 Beans: $23.99
3. 3,000 Beans: $24.99

Keep in mind that the prices mentioned above may be subject to change, and it’s always a good idea to check the official website for the most up-to-date pricing information.

Coffee Meets Bagel App

The Coffee Meets Bagel app is a mobile dating platform designed for singles seeking genuine, long-lasting relationships. With its user-friendly interface and innovative approach to matchmaking, the app provides users with a curated list of potential matches (Bagels) daily. You can download the app on both iOS and Android devices from the App Store or Google Play Store.

Coffee Meets Bagel Customer Service

Coffee Meets Bagel is committed to providing a seamless user experience. It offers various channels for customer support. If you need assistance or have questions, consider the following options:

1. Help Center: Visit the Coffee Meets Bagel Help Center for answers to frequently asked questions and guidance on using the app. The Help Center covers topics like account management, profile creation, and troubleshooting.
2. Contact Form: If you can’t find an answer in the Help Center, or if you have a specific concern or issue, you can submit a request through the app’s contact form. Provide your email address and a detailed description of your issue or inquiry, and a customer service representative will get back to you as soon as possible.
3. Direct Emailing: If you need assistance or have questions regarding the Coffee Meets Bagel app, you can reach out to their customer service team by emailing them directly at contact@coffeemeetsbagel.com.

Safety & Security

Coffee Meets Bagel prioritizes the safety and security of its users by implementing the following measures:

1. Profile Verification: The platform requires users to sign up with either their Facebook account or phone number, which helps verify their identity and maintain a secure environment.
2. Reporting and Blocking: Users can report or block profiles they deem suspicious or inappropriate, ensuring a safe and respectful community.
3. Secure Messaging: All communication between users takes place within the app’s secure messaging system, protecting personal information and privacy.
4. Photo Verification (Optional): Some users may be prompted to verify their profile through a photo verification process, which can increase trust and credibility within the community.

How to Cancel or Pause a Coffee Meets Bagel Subscription?

If you have a Coffee Meets Bagel Premium subscription and wish to cancel or pause it, the process will vary depending on whether you’re using an iOS or Android device. Follow the instructions below for your specific platform:

For iOS Users:

1. Open the Settings app on your device.
2. Tap on your Apple ID at the top of the screen.
3. Select Subscriptions.
4. Find and tap on Coffee Meets Bagel from the list of subscriptions.
5. To cancel your subscription, tap Cancel Subscription. To pause it, tap on Pause Subscription (if available) and follow the on-screen instructions.

Keep in mind that canceling your subscription will not result in an immediate refund for any unused time, and your premium features will remain active until the end of the current billing period.

For Android Users:

1. Open the Google Play Store app on your device.
2. Tap the Menu icon (three horizontal lines) in the top-left corner.
3. Select Subscriptions from the menu.
4. Find and tap on Coffee Meets Bagel from the list of subscriptions.
5. To cancel your subscription, tap Cancel Subscription. To pause it, tap on Pause Subscription (if available) and follow the on-screen instructions.

As with iOS, canceling your subscription will not result in an immediate refund for any unused time, and your premium features will remain active until the end of the current billing period.

Remember that canceling or pausing your subscription only stops future billing. You’ll still have access to the premium features for the remainder of your current subscription period.

Meets Bagel vs Other Dating Sites and Apps

Coffee Meets Bagel stands out among dating platforms for its unique approach to matchmaking and emphasis on quality connections. Here’s a comparison between Coffee Meets Bagel and other popular dating sites and apps:

Meets Bagel vs. Tinder

• Coffee Meets Bagel focuses on providing a curated list of potential matches daily (Bagels), while Tinder relies on a swiping mechanism that encourages users to browse through a large number of profiles.
• Coffee Meets Bagel targets users seeking serious relationships. While Tinder is often considered more suitable for casual dating and hookups.

Meets Bagel vs. Bumble

• Coffee Meets Bagel sends a daily selection of Bagels to both male and female users, whereas Bumble empowers women by allowing only female users to initiate conversations after matching.
• Both apps aim to facilitate genuine connections, but Coffee Meets Bagel’s daily curated list encourages users to focus on a limited number of high-quality matches.

Bagel vs. Hinge

• Both Coffee Meets Bagel and Hinge target users seeking serious relationships and prioritize quality connections.
• Hinge encourages users to like and comment on specific aspects of a person’s profile, fostering more engaging and personalized conversations, while Coffee Meets Bagel relies on its curated daily Bagels and icebreaker questions.

FAQs – Coffee Meets Bagel worth

All in all, Coffee Meets Bagel worth is a great way to try online dating for the first time or to switch up your current dating sites. While the number of users isn’t quite as high as competing dating platforms, there are still plenty of people out there looking for their perfect match. If you’re looking for something more serious than casual hookups, Coffee Meets Bagel worth could be the perfect option.

The user-friendly interface and thoughtful features make meeting interesting singles enjoyable and not too overwhelming. With clear pricing structure, getting started with Coffee Meets Bagel is easy: pay per month and start receiving daily bagels right away! Plus, you can use our tips to help you on your quest to find true love or simply set up some fun dates around town – the possibilities are endless! So why not give it a go? Sign up today and get ready to meet that special someone!