About The Meet Group
The Meet Group operates in the social networking and online dating market by developing mobile apps that help users connect with others for various purposes, including casual chats, friendships, and romantic relationships. These apps engage over 2.5 million daily active users by utilizing data science to enhance user experience and interaction. The company differentiates itself from competitors through its freemium business model, offering basic features for free while generating revenue from in-app purchases, premium subscriptions, and advertising. The goal of The Meet Group is to foster human connection across diverse demographics, providing a platform where individuals can meet new people in a vibrant and inclusive environment.
New Hope, MinnesotaHeadquarters
2015Year Founded
$1.5MTotal Funding
ACQUISITIONCompany Stage
Data & Analytics, Consumer SoftwareIndustries
51-200Employees
Benefits
Competitive salary
Company sponsored events
Gym membership
Insurance
401k matching
Quarterly hackathons
PTO
Free food
Generous paid parental bonding and maternity leave
Paid day off for your birthday
Employee discount opportunities
Risks
Increased competition from new livestreaming entrants like Tumblr.
Integration challenges post-Parship Group merger may affect efficiency.
Reliance on advertising revenue makes it vulnerable to economic downturns.
Differentiation
The Meet Group integrates livestreaming in social apps, enhancing user engagement.
AI-driven safety features like face verification badges boost user trust.
Livebox service supports creator economy, offering monetization for content creators.
Upsides
Partnership with Tumblr expands reach in the livestreaming market.
Joining the Tech Coalition enhances safety and trust in digital interactions.
Parship Group acquisition provides resources for market expansion.
Funding
Total raised$1.46 M
Latest valuation$500.00 M
StageACQUISITION
ACQUISITION
2/29/2020$500
$500.00 MDEBT
11/30/2008$5
ANGEL
8/31/2005$2
$7.50 M