Lee Isaacson, founder of dog-lovers dating app Dig, explains the exit landscape and acquisition strategy of major dating conglomerates during due diligence for The Pitch.
“So if you look at Match Corporation, for example, they own 49 different dating apps, and so in terms of exit possibilities, places like Match Group, the Meet Group is another one. There are these large corporations looking to not just incubate their own dating apps, but to go out and purchase other dating apps.”
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More from Leigh Isaacson
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Isaacson: Badoo founder launched $100M initiative to acquire niche dating apps
“So for example, the billionaire founder of Badu reached out to us just two weeks ago. They're starting a one hundred million dollar initiative to find niche dating apps and bring them into the fold.”
Leigh IsaacsonMar 3, 2025▶ 8:47#68 Dogs & Dating: A Match Made in Heaven?
AssertionPartly supported
Isaacson: Dating app industry to reach $12B by end of next year
“In 2016, it was a three billion dollar industry. By the end of next year is expected to be a twelve billion dollar industry.”
Leigh IsaacsonMar 3, 2025▶ 4:55#68 Dogs & Dating: A Match Made in Heaven?
AssertionPartly supported
Isaacson: Average dating app user uses three to four apps simultaneously
“You've got your average dating app user using three or four dating apps at a time. People are used to kind of having their main dating apps that they could swipe all day if they want to, and then dating apps that really cut to the chase in addition, kind of in…”
Isaacson: Dig reaches 80k downloads and 25k monthly active users
“In the past few months, we've seen 80,000 total downloads and 25,000 monthly active users looking for love on Dig.”
Leigh IsaacsonMar 3, 2025▶ 2:42#68 Dogs & Dating: A Match Made in Heaven?
Disclosure
Isaacson: Dig is raising $1.5 million to scale
“We're raising 1.5 million dollars to scale and help people find someone they really dig.”
Leigh IsaacsonMar 3, 2025▶ 2:51#68 Dogs & Dating: A Match Made in Heaven?
AssertionPartly supported
Isaacson: Average user spends up to 10 hours weekly across 3-4 dating apps
“Your average dating app user uses three or four dating apps at a time for up to 10 hours a week on average.”
Leigh IsaacsonMar 3, 2025▶ 5:54#68 Dogs & Dating: A Match Made in Heaven?
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