Facebook Hookup App Bang With Friends Launches $1M Seed Round

Investors are always looking for a bang for their bucks, but maybe not the kind that users of Facebook application Bang with Friends are pursuing. However, something about the hookup app drew investors’ attention, as Business Insider reported that the app is in the process of raising $1 million in a seed round, with sources saying that Tim Draper and Great Oaks Venture Capital are already in.

Bang with Friends told Business Insider last month that it had some 820,000 users and had matched up about 200,000 couples. The app works by allowing users to choose Facebook friends they would like to get to know via a more intimate type of poke and send them nudges. If the feeling is mutual, the two co-conspirators can arrange to meet up.

Readers: Do you see any revenue potential from apps like Bang with Friends?

Related Stories
Mediabistro Course

Content Marketing 101

Content Marketing 101Get hands-on content marketing training in our brand new boot camp, Content Marketing 101! Starting September 8, digital marketing and content experts will teach you the tips and tricks for creating, distributing and measuring the success of your brand's content. Sign up before August 15 and get $50 OFF registration. Register now!