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Bumble history
Bumble company history timeline
Bumble has grown quickly since 2015, amassing 100 million users worldwide and expanding into professional networking and friendship in addition to dating.
In March 2016, Bumble released BFF mode as a way for users to find platonic friends.
In June 2016, Bumble announced a partnership with Spotify that would allow users to connect a Spotify account to their profile to show their music interests.
In March 2017, the company announced its plan to launch a career networking app, Bumble Bizz.
In August 2017, Bumble partnered with the Anti-Defamation League in an effort to remove users who display hate symbols in their profiles.
According to Forbes, the company was valued at more than $1 billion in November 2017.
The company also launched its own fund in 2018 which focuses on early-stage investments to businesses founded and led by women of color and underrepresented groups, with Serena Williams as an investor.
It’s not one or the other,” Wolfe Herd told NBC News in 2018.
Bumble and its sister apps earned $162 million in net revenue for 2018.
In April 2019, Bumble launched its own lifestyle magazine called Bumble Mag.
Nevertheless, he sold his reported 79% stake to Blackstone Group in 2019, when the company purchased a majority stake in the platform’s then parent-company MagicLab, which valued the firm at roughly $3 billion.
In 2019, the company further expanded the offering with Women in Bizz, a feature allowing users to filter out men from potential networking connections.
But Wolfe Herd is unfazed, and called the technology company’s announcement “highly validating” in a 2019 interview with CNBC’s Squawk Box.
There are now more than 20 female founders to take companies public, but the venture capital and IPO market have a long way to go, as funding to women-led start-ups hit a three-year low in 2020.
In 2020, MagicLab was renamed Bumble as the parent company of both Bumble and Badoo.
As of 2020, Bumble has over 100 million users worldwide.
Bumble was listed on the Nasdaq exchange in February 2021, with shares initially valued at $43 but increasing to $76 on its opening day, valuing the company at more than $13 billion.
In February 2022, Bumble announced it had acquired Fruitz - a French-owned freemium dating app popular with Gen Z and used across Europe.
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Bumble competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| OkCupid | 2003 | $7.2M | 116 | - |
| Hinge | 2011 | $5.2M | 50 | - |
| Mr Youth | 2002 | $5.2M | 350 | - |
| Rent the Runway | 2009 | $298.2M | 1,800 | 13 |
| Aras | 2000 | $28.8M | 550 | 18 |
| Campus Pursuit, LLC | 2013 | $690,000 | 50 | - |
| BankMobile | 2015 | - | 751 | - |
| Bayview Technologies | 2003 | $54.0M | 3,000 | - |
Bumble history FAQs
Zippia gives an in-depth look into the details of Bumble, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Bumble. The employee data is based on information from people who have self-reported their past or current employments at Bumble. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Bumble. The data presented on this page does not represent the view of Bumble and its employees or that of Zippia.
Bumble may also be known as or be related to Bumble, Bumble Trading Inc and Bumble Trading LLC.