- Female-focused dating app Bumble was founded in late 2014 by Whitney Wolfe Herd and Andrey Andreev, the founder of dating app Badoo.
- Wolfe Herd was one of the cofounders of Tinder, but she left the company and later filed a sexual harassment lawsuit against Tinder and its parent company, IAC.
- Bumble has grown quickly since 2015, amassing 100 million users worldwide and expanding into professional networking and friendship in addition to dating.
- Bumble was most recently valued at $3 billion after the Blackstone Group bought out Andreev’s stake last year. This led Wolfe Herd to oversee both Bumble and Badoo, owning a 19% stake in the company.
- Now, Bumble is planning an initial public offering in early 2021, according to a report from Bloomberg.
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Bumble is reportedly headed toward a $6 billion initial public offering.
Whitney Wolfe Herd, the founder and CEO of Bumble, launched the app in 2014 with the aim of creating a comfortable and empowering online dating space for women. Bumble has since expanded beyond dating to networking and friendship, and was valued last year at about $3 billion.
The company’s initial public offering, which may happen as soon as early 2021, could be valued between $6 billion and $8 billion, according to Bloomberg’s Katie Roof and Kiel Porter.
Here’s how Bumble got its start and rose to become a multi-billion-dollar dating behemoth.