When it comes to startups, VCs seem keen on dining, but are dumping dating

Charlie Spargo's picture
VCs prefer food startups

Venture capitalists seem much more enthusiastic about pumping funds into “fast-casual” food startups, according to WIRED. On the other hand, overall investment in dating platforms isn’t getting off the ground.

According to Techcrunch, investors put $127 million globally into dating-themed startups, as compared with $300 billion across the board of investment. There seems to be persistently low interest in funding dating apps, though number of deals sits fairly predictably around the 24-to-27 mark.

However, a single food startup - trendy American company Sweetgreen - last year received $200 million in a series H round, dwarfing the whole dating startup market at once, and becoming the world’s first restaurant unicorn, says WIRED.

In fact, there are a range ever-newer investment firms being set up with a focus entirely on the food industry. Dating innovators must work a lot harder to be noticed by funders.