Bumble Inc.
American social networking and dating company headquartered in Austin, Texas, operating Bumble, Badoo, and BFF platforms.
Company Type
public
Founded
2014
Headquarters
Austin, Texas, USA
Stock
NASDAQ: BMBL
About Bumble Inc.
Bumble Inc. operates as a technology company focused on social networking and online dating. The company's business model centers on connecting people through digital platforms while generating revenue primarily through premium subscription services and in-app purchases.
The company's portfolio includes apps targeting different types of connections: Bumble for dating and networking with women-first features, Badoo for international dating with a broader user base, and BFF for platonic friendships. This diversified approach allows Bumble Inc. to capture multiple segments of the social connection market.
Bumble Inc. invests heavily in technology development, including safety features, verification systems, and algorithm improvements to enhance user experience and maintain platform security. The company also focuses on international expansion, with significant operations in North America, Europe, and growing presence in international markets.
History of Bumble Inc.
Bumble Inc. was founded in 2014 by Whitney Wolfe Herd shortly after she left Tinder, where she was a co-founder and VP of Marketing. The company launched its flagship Bumble app that same year, introducing a unique women-first approach to online dating where women make the first move.
The company's origins trace back to Andrey Andreev, the Russian billionaire founder of Badoo (launched in 2006), who encouraged Wolfe Herd to start a new dating app and provided initial support through his company MagicLab. Bumble operated under MagicLab's ownership until 2019.
In November 2019, Blackstone acquired a majority stake in MagicLab from Andrey Andreev, valuing the company at approximately $3 billion. This acquisition brought Bumble and Badoo under Blackstone's ownership.
The most significant corporate change came in February 2021 when Bumble Inc. completed its initial public offering (IPO) on the NASDAQ stock exchange under the ticker symbol BMBL. The IPO raised $2.2 billion and made Whitney Wolfe Herd the youngest female self-made billionaire at the time.
Following the IPO, Bumble Inc. continued expanding its platform offerings, launching BFF for platonic friendships and enhancing features across its dating apps. The company has maintained its focus on empowering women and creating safer online dating environments.
Brands Owned by Bumble Inc.
Bumble Inc. owns 2 brands in our database.
Badoo
Owned by Bumble Inc.
International social discovery and dating platform founded in 2006, operating as part of Bumble Inc.'s portfolio of global connection apps.
datingsocial-networkinginternational-dating
Bumble
Owned by Bumble Inc.
Women-first dating and social networking app where women make the first move in heterosexual matches, featuring dating, friendship, and professional networking modes.
dating-appsocial-networkingwomen-first
Stock Information
Bumble Inc. Ownership: Pros & Cons
Advantages
- +Market leadership in women-first dating and social networking
- +Strong brand recognition and user loyalty
- +Innovative safety features and women empowerment focus
- +Diversified platform portfolio serving different connection needs
- +Public company access to capital markets for growth
Considerations
- -Competition from established dating apps and social media platforms
- -Dependence on subscription revenue and user acquisition costs
- -Regulatory challenges regarding data privacy and online safety
- -Need to continuously innovate to maintain user engagement
- -Market saturation in developed dating and social networking markets
Frequently Asked Questions About Bumble Inc.
Is Bumble Inc. owned by another company?
No, Bumble Inc. is an independent publicly traded company. Until 2019, it was owned by MagicLab (which was later acquired by Blackstone), but it completed its IPO in February 2021 and now trades independently on NASDAQ under the ticker BMBL.
Is Bumble Inc. publicly traded?
Yes, Bumble Inc. is publicly traded on the NASDAQ stock exchange under the ticker symbol BMBL. The company completed its initial public offering in February 2021, raising $2.2 billion.
When was Bumble Inc. founded?
Bumble Inc. was founded in 2014 by Whitney Wolfe Herd, who launched the Bumble app that same year. The company has since grown to include multiple social networking and dating platforms.
Who created Bumble Inc.?
Bumble Inc. was created by Whitney Wolfe Herd, a co-founder of Tinder, with support from Andrey Andreev, the founder of Badoo. The company was established to launch the Bumble app with its innovative women-first approach to online dating.
What is Bumble Inc.'s market position?
Bumble Inc. holds a strong position in the online dating market, particularly known for its women-first approach and safety features. The company serves millions of users globally and generates significant revenue from premium subscriptions and in-app purchases across its platform portfolio.
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