Investors Swipe Right on S'More Seed Round

Investors Swipe Right on S'More Seed Round

The dating app, S'More, which is short for Something More, is getting some love from investors.

The New York-based company, billing itself as the first anti-superficial dating app, raised $2.1 million in seed funding led by Benson Oak Ventures to bring its fundraising total to $3 million.

The service, which debuted in Los Angeles in June, says it has registered more than 165,000 users since it came out of stealth mode last March and is seeing 20% to 30% monthly growth. Users skew female and young, with more than half under 35 years old.


On most dating apps, pictures are paramount. But on S'more, photos are blurred out until users have spent time talking to each other.

The new funding will be used to expand the company's operations by hiring a full-time development team and expanding marketing to get ready for a full nationwide rollout.

Under stay-at-home orders, dating apps have been one of the only ways for singles to meet during the pandemic and have seen explosive growth as a result. Earlier this month, Bumble filed paperwork to go public.

"The dating and social discovery space is in an accelerated-growth mode, with the industry expanding more than 18 percent in 2020, and a flurry of investor activity including IPOs, acquisitions, spin-offs, and newly funded start-ups," Adam Cohen-Aslatei, CEO and Founder of S'More, said in a statement. "The downside is that dating products have become stale and lack(ed) innovation for years. S'More aims to change that by offering daters a deeper way to connect beyond the swipe of a headshot."

S'More also announced it is redesigning its app to allow users to include more multimedia in their portfolios and make it easier for them to chat with each other. It is also adding a meter to indicate when profiles will unblur.

Other investors in the seed round include Workplay Ventures (Mark Pincus), Gaingels, Loud Capital/Pride Fund, Kenny Harris (Plusgrade), Justen Stepka (Enterprise Fund), Rafael Vivas (AppLovin), George Church (Harvard/MIT), John Abbott (former CEO The Meet Group), SideCar Angels, and Brad Weschler (former CEO IMAX), and Joshua Black (Apollo Management).

Subscribe to our newsletter to catch every headline.

Nearly a year into the worst pandemic in a century, Los Angeles companies expecting to snap up office space on the cheap may be disappointed.

L.A. office rents have held steady or even gotten pricier since COVID, even as more space has become available as most employees continue to work from home.

"I honestly thought rents would have dropped by now," said Michael Soto, research director at the brokerage Savills Inc. "For a lot of tenants, they are still seeing a bit of sticker shock that prices haven't dropped yet."

Read more Show less

On this week's episode of Office Hours, you'll hear from Gregg Renfrew, serial entrepreneur and founder of clean beauty company, Beauty Counter. She also serves on the board of directors of Supernova, my special purpose acquisition company.

Read more Show less
RELATEDTRENDING