Home Online Dating: SpeedDate.com Raises $6 Million

Online Dating: SpeedDate.com Raises $6 Million

If you think regular online dating is still too slow and inconvenient, SpeedDate.com might just be the thing for you. The San Mateo based online dating service just raised $6 million in a Series B round from Menlo Ventures after raising a Series A round for the same amount in January 2007. SpeedDate.com sets itself apart from its competitors by allowing its users to quickly set up short webcam conversations.

According to SpeedDate.com, it hosts over 100,000 online speed dates a day. Part of this growth is surely due to the fact that SpeedDate.com is also a very popular application on MySpace, Beebo, and Facebook (though it was banned there for a while in July). Because of this, it is hard to track exactly how popular the site is, but according to Google Trends for Websites, the site is indeed growing at a rapid clip and a lot of its growth seems to come from outside of the United States.

While the press release doesn’t go into any detail, it seems safe to assume that the company needed a new infusion of money to sustain its rapid growth. While a lot of its competitors are for-pay, SpeedDate has adopted a free model, though it is considering the addition of a premium as well.

Online dating is a competitive field, where large entities like Match.com, eHarmony, and Yahoo Personals seem to dominate, but at the same time, other sites like Randomate, WooMe, or OmniDate have been able to carve out a niche for themselves by putting different twists on the online dating model. SpeedDate.com, though, with its instant webcam conversations, looks like it stands a good chance to continue growing in this competitive field.

SpeedDate

company profile provided by

TradeVibes

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest tech headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Tech News

    Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.

    In-Depth Tech Stories

    Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.

    Expert Reviews

    Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.