Badoo

Badoo is a social networking platform designed for connecting people to chat, meet, or make new friends, with a focus on local interactions. Launched in 2006, it has grown to over 340 million registered members, with approximately 400,000 new users joining daily. The platform's primary audience consists of young adults aged 25 to 35, who seek friendships rather than connections with family or colleagues. Badoo employs a freemium model, offering various free services alongside paid features to enhance user engagement. Key functionalities include the location-based game "Encounters," which allows users to find matches based on mutual interest, and the "People Nearby" feature for browsing potential connections by location, interests, and age. Badoo also supports rich interactions through video chat, live streaming, and messaging, making it one of the leading social networks in Europe and South America. The company operates from its headquarters in London, with additional offices in Moscow and San Francisco.

Andrey Andreev

Founder and Co-CEO

Whitney Herd

Co-CEO

2 past transactions

Huggle App

Acquisition in 2018
Huggle App is a popular dating and friendship app which matches users based on the places they have in common, was launched in 2016 by co-founders Valerie Stark and Stina Sanders.

Lulu

Acquisition in 2016
Lulu is a dating application designed specifically for women, offering a private platform for users to browse and anonymously rate men. The app enables women to share reviews and recommendations about various attributes, such as a man's sense of humor, appearance, and ambition. This women-only network fosters an environment where users can openly discuss their experiences and opinions regarding men, ensuring privacy and security. Lulu was acquired by Berez Media, a firm specializing in marketing and technology solutions for marketers and agencies.
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