Social Discovery Ventures Rebrands To Social Discovery Group

Social Discovery Ventures, a world tech firm uniting greater than 40 manufacturers, an funding fund, and a enterprise studio, has introduced its rebranding to Social Discovery Group.

The firm’s enterprise studio is renamed to SDG Lab.

Social Discovery Group is world, with U.S. places of work in San Francisco and Los Angeles. It has 11 places of work throughout 5 continents and a workforce of greater than 700 professionals serving 250+ million customers throughout 100 international locations. 

Founded in 1993, Social Discovery Group began to form the way forward for the courting trade with Dating.com and different on-line courting platforms. This pool of merchandise was united in Dating Group — a world group of matchmaking companies giving individuals an opportunity to speak, match up and discover love worldwide. Since then, the corporate has acquired CupidMedia, DilMil, Once, and different area of interest courting merchandise, every with a singular platform tailor-made to totally different communities outlined by curiosity, geography, and demographics. Today, Dating Group is working greater than 40 manufacturers with 75+ million messages despatched by their customers day by day.

Social Discovery Group has additionally launched a $50 million VC fund, throughout the globe, completely within the Dating and Social Discovery eco-system. The fund is entertaining a number of ranges from Seed rounds to Series B alternatives. S’More and Props merchandise are among the many firm’s investments. 

The firm has created its personal enterprise studio SDG Lab constructing new social and leisure apps. SDG Lab apps embody Journey, XOXO, Magnet, Tubit, Bam Bam, and different merchandise based mostly on new ideas of communication and a deal with video streaming, AI applied sciences, and recreation mechanics.

Therefore, it has launched a $50 million VC fund, throughout the globe, completely within the Dating and Social Discovery eco-system. The fund is entertaining a number of ranges from Seed rounds to Series B alternatives.

Committing on the information KJ Dhaliwal, CSO of the corporate, mentioned “Social Discovery Group displays our dedication to evolving and rising as an organization, and we imagine that the brand new identify higher represents who we’re and the merchandise we’re constructing“.

FinSMEs

05/01/2023

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