Bumble Inc. BMBL

Bumble Inc. provides online and social networking platforms that focus on relationship, dating, friend-finding, and career-building. The company was founded in 2014 and incorporated in 2020. Headquartered in Austin, Texas, Bumble operates internationally and has more than 600 employees in offices in the United States, London, Moscow, and Barcelona.

The company is listed on the NASDAQ GS under the BMBL ticker. Bumble launched its initial public offering (IPO) in February 2021. The company raised $2.15bn in the offering of 50 million shares to public investors, priced at $43 per share. On its debut on the NASDAQ exchange, shares started at $76, 77% higher than they sold for the day previously. The Badoo and Bumble dating apps, established in 2006 and 2014 respectively, are subsidiaries of Bumble Inc. The company’s apps are web and mobile compatible and are available for Android and iOS devices.

The social networking apps offered by Bumble are subscription and credit-based services. The Bumble dating apps have millions of users globally. These apps are defined as Bumble Bizz for professional networking, Bumble Date for dating, and Bumble BFF for making friends. Bumble offers a unique function where women take the initiative in respect of heterosexual matches. Bumble Inc advocates integrity, kindness, equality, and respect towards establishing healthy relationships.

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