Momo Tech runs a China-based meetup app that helps nearby strangers connect for casual encounters, coffee meetups, hookups, or dating. The product is compared in press to Grindr, Skout, Blendr and Badoo. The app has 10 million users, including 2.2 million daily users, and was adding about 1 million users per month; it acquired 10 million users in one year. Momo has raised $40 million, though the company has not disclosed where the money came from. Safety concerns around apps that connect strangers are noted in coverage, but the traction suggests strong user interest in China. Articles frame Momo as addressing local dating and courtship pressures by enabling lower-expectation, casual interactions.

Total raised

$40M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2012