tinder

JAM Fund, the venture capital firm launched by former Tinder chief marketing officer Justin Mateen, secured nearly a quarter of a billion dollars over the summer for a new fund.

A prolific angel investor, Mateen told Business Insider earlier this year he had a preference for founders who have a "chip on their shoulder."

Mateen, who co-founded the dating app that brought the world "swipe right" and countless unwelcome sexual solicitations, locked down his first investment for the recent fund on July 16. Since then he's raised at least $247.5 million from 15 undisclosed limited partners, a recent regulatory filing reveals.

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It may not be love, but this fund made its first match.

A Gen-Z dating app hinged on short-form videos closed its first round of funding last month with backing from the California Crescent Fund, a new student-run venture capital firm focused on Southern California.

Lolly, the dating app, lets users upload videos into a feed and scroll through them for potential matches. Instead of swiping left or right, users hit "clap" on videos and later "crush" on the user — what the company calls a "non-binary matching model."

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Here are the latest updates on news affecting Los Angeles' startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for more.

Today:

  • Open Raven Adds Three Cloud and Security Veterans to its Team
  • Tinder Tests Video Feature for Pandemic Dating
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