Dating app Once has secured a second wave of investment from Partech, the French venture capital firm, that supports global companies that they believe possess revolutionary concepts.
For this reason, Partech Ventures has just signed a second partnership deal with Once to invest a further one million euros in the dating app – signifying its confidence in the app’s successive business model.
The dating scene has become vastly populated in recent years and has been a challenging market for a new app to succeed in. Once attributes its strong continued growth in user sign ups to the fact that it has a very clearly defined USP – just one match a day. The app is close to reaching its two million user milestone and has already surpassed records set by competing dating platforms.
Unlike competitors, Once offers its users the unique chance to find true love and meaningful relationships, differentiating it from the pool of ‘hook-up’ apps currently exhausting the market.
Jean Meyer, CEO and Founder at Once, says: “This is a great achievement in the first year of launching our slow dating concept – we are delighted that Partech Ventures believe in Once and recognise the potential our app has globally to continue reforming the dating scene around the world. This is our second round of seed funding with Partech and adds to the four million euros we have already raised previously from Partech and private investors”.
Romain Lavault, General Manager at Partech Ventures, says: “Dating is a really exciting space for us as it attracts massive audiences from all around the world. Once has a unique approach to serious dating which creates a much more lifelike experience for users, more human and much less Tinder-esque! We look forward to supporting Jean Meyer and his team in on-boarding many more millions of users for Once globally".
Once will use the five million euros investment to-date, including Partech Ventures recent funding, to develop its key markets in Western Europe; France, Germany and the UK. The funding will also be used to develop and refine the app’s existing plans to later launch in some of its other core regions.
