Gay business owner Coley Cummiskey established menвЂ™s dating app Growlr this year in Columbus, Ohio. In March, it absolutely was revealed heвЂ™d offered it in a $12million deal to tech business, The Meet Group (TMG).
The application states it offers 10million people and over 200,000 users that are daily. That sets it in 3rd spot in america market, behind Grindr and Scruff.
Growlr is aimed quite definitely during the вЂbearsвЂ™ market вЂ“ men who will be larger, hairer and heftier, plus their admirers. It benefited from being one of the primary geo-social relationship apps going to the marketplace and it has a devoted following: two facets that managed to get an appealing idea for TMG.
What’s the Meet Group?
TMG is a publicly owned company headquartered in New Hope, Pennsylvania. TMG ended up being created in 2005 as MyYearbook, but has exploded and changed its title within the years that are intervening.
It absolutely was started by present CEO, Geoff Cook together with siblings, Catherine and Dave Cook, and focuses on dating apps.
Its other brands consist of MeetMe, LOVOO, Skout and Tagged. It floated in the NASDAQ Capital marketplace in 2014. Recently filed reports when it comes to very first quarter of 2019 revealed total income of $49.5million, up 32% 12 months on 12 months.
Movie streaming and Growlr
TMG CEO, Geoff Cook, informs Gay celebrity Information via Skype which he ended up being conscious of gay вЂbearsвЂ™ before buying Growlr, but canвЂ™t pretend become a professional. For that reason heвЂ™s hired a homosexual marketing supervisor for the software, Phil Henricks, whom joins our call.
Although Cook could be getting an accident course regarding the nuances of queer male subculture, a very important factor he does find out about is dating apps and video streaming.