Dating Group acquires Swiss startup Once App in a €14.9 million deal

▤ Summary

The deal values the company at around €14.9 million and is made via a combination of cash and Dating Group stock. It is a leading app in the dating category in its core countries in Western Europe and has built a profitable business with over 10 million users. The emotional impact of the pandemic and the lockdown encouraged people to take dating more seriously and Once’s solution has a perfect timing. By providing meaningful connections based on a thorough analysis it frees people from countless swipes and endless hours spent on their phones. We see a huge potential in integrating Once into our portfolio”, said Bill Alena, Chief Investment Officer at Dating Group.

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