Lulu, the once questionable mobile phone app that allows ladies anonymously overview and fee males (some thing the startup calls ‘dating intelligence’), might got by London-based dating system Badoo.

The move also considers Lulu founder and Chief Executive Officer Alexandra Chong transfer returning to the U.K. budget from New York to come aboard Badoo as President, wherein I’m told she’ll end up being concentrating on intercontinental improvement, organization developing and marketing and sales communications.

Regards to the sale continue to be undisclosed, though i am aware the acquisition is a combination of profit and stock. Lulu’s early backers are warmth budget, PROfounders and some pronounced angels such as Yuri Milner and Dave Morin.

In an after undisclosed television series {A|their|the|onea rounded, Venrock likewise come on-board as an investor after Lulu relocated to New York and set about exclusively concentrating on the U.S. industry and college or university campuses in particular. Altogether the 2011-founded business got raised $15 million. Continue reading →