Keep In Mind вЂњBang With Friends?вЂќ The app that is controversial which later rebranded as Down, ended up being obtained by Singapore-based dating startup Paktor (they are, umвЂ¦ setting up).
The regards to the offer weren't disclosed, but we're told it had been a few million. After increasing just $1 million , it absolutely was a вЂњpositive resultвЂќ for investors like Tim Draper. Paktor has taken in significantly more than $50 million from investors, including a current $32.5 million round inвЂ” it is focused on Asia but also has services in Latin America, the U.S. and Europe october.
Colin Hodge, founder and CEO of Down, is joining the Paktor group and can keep both the Down and Sweet apps running. Hodge is likewise Paktor that is overseeing Labs where he'll be testing brand new a few ideas and acquiring other apps.
вЂњ Bang With Friends began being a side that is late-night and became popular such as a rocket вЂ” we hit 1 million signups within just 90 days,вЂќ Hodge claims of these 2013 launch. Up to now, they will have had 5 million packages and actually have about 200,000 month-to-month active users.
Down can also be lucrative. Hodge states they will have a $1 million annual income run rate stemming from in-app acquisitions. Additionally they had minimal expenses because he previously been the sole employee that is full-time, down from six staffers with its early in the day times.
The Bang that is original with gained plenty of very early attention because of its controversial concept. The startup let users pick which Facebook buddies these were drawn to and would just reveal it for them if there clearly was interest that is mutual.