Idinvest leads $14m series-B for Happn

The fresh capital will enable Happn to launch its platform in the Asian market. The company will also use the funds to expand its team and invest in product development.

Various private investors also took part in the round, which brings the total amount raised by the company to $22m.

The latest investment comes shortly after Spotted, a German startup with close similarities to Happn, raised $14.5m from Media Ventures, Deutsche Balaton and Wolfman Holdings.

Previous funding
Alven and DN Capital took part in an $8m series-A for Happn alongside various business angels in December 2014.

Company
Launched in March 2014 and headquartered in Paris, Happn is a dating app that uses smartphones' GPS functionality to match users with people they have crossed paths with. It operates on a freemium model, allowing people to use the app for free but pay for additional chat features. The platform is currently available in 25 cities, up from six at the time of the company's series-A funding round.

People
Guillaume Durao is an investment director at Idinvest. Jeremy Uzan is a partner at Alven. Nenad Marovac is managing partner at DN Capital. Gordon Rubenstein is managing partner at Raine. Didier Rappaport is the founder and CEO of Happn.

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• Topics
• Expansion
• France
• Technology
• IDInvest Partners (AGF Private Equity)
• Alven Capital
• DN Capital
• France