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