Feb 18, 2013

CoffeeMeeting Operator, Le-Le-Le Raises 20M Yen / Cnet Japan

Le-Le-Le announced allocation of new shares to Incubate Fund and East Ventures. It plans to spend the 20 million yen for hiring engineers to strengthen development of the service.

Le-Le-Le launched CoffeeMeeting in February 2012, which enables to have a coffee with someone whom you cannot meet usually. It has currently 23,000 registered users and over 10,000 meetings have been taken place. ...

Cnet Japan 2/18/2013 [jp]

  • Several matching services through coffee, lunch, or dining have appeared in the last few years. CoffeeMeeting may be one of the most popular one in the category. Another popular service, Social Lunch was acquired in December by social game developer, Donuts. It seems that these services are still looking for a way to monetize, but it is also proven that an exit by acquisition would be possible. It is interesting to see what strategy, such as focusing on growing user base or starting trials for monetization, Le-Le-Le will take in the future.
  • http://coffeemeeting.jp/ 

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