糖心视频

Coming off of acquisitions like Christian Mingle, and , Berlin-based swiped right yesterday for a new dating company: .

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Spark Networks is planning to acquire San Francisco鈥檚, making it theThe acquisition, once completed, will double Spark鈥檚 total monthly paying subscriber base to 1 million people,

At the time of the announcement, Spark Networks valued the transaction with at approximately $255 million, inclusive of shares and cash.

Zoosk, , is currently available in 80 countries and 25 languages. The company, which touts its behavioral matchmaking technology, acquired, another San Francisco dating startup, in 2011 (TechCrunch covered the deal ).

Unlike Spark Networks’ previous “niche-focused” acquisitions, this acquisition will mark it’s first company that has mass market appeal, it said on a Friday morning conference call. Spark Networks hopes that Zoost will help them scale up in America.

As part of the acquisition Zoosk CEO will be appointed to Spark鈥檚 Board of Directors.

Last month, our Joanna Glasner wrote about how dating startups across the world are struggling to attract venture capital. In 2018, venture investors put $127 million globally into 27 startups that Crunchbase tags as 鈥渄ating-focused.鈥� That is small compared to $300 billion in global venture investment across all sectors, last year.

In that same report, Zoosk stood out because of its significant capital base. The company raised $61.1 million in funding, . Compared to the venture capital funding of other U.S dating startups like Coffee Meets Bagel () or The League (), that鈥檚 impressive. Naturally we wondered why Zoosk hadn鈥檛 generated an exit yet. A little more than a month later, we鈥檙e back, and Zoosk is cuffed.

Illustration: .