Dating service Twinby has raised 500 million rubles ($4.7 million) in investment to expand its operations in Russia and international markets. Although the investors were not disclosed, the company said the funds will be used to improve the product, strengthen its position in the CIS markets, increase its development team, and test new ideas in international markets.
Founded in 2023 by Valery Klimov and Veronika Yakovleva, graduates of the Higher School of Economics, Twinby offers users psychological tests upon registration. Based on these tests, algorithms calculate the compatibility percentage of users and display the results in the profile feed. Relationship prospects, common and distinctive features are noted for each profile.
According to Twinby, by December 2024, the platform had more than 7.5 million downloads and the number of monthly active users exceeded 1 million.
In November 2023, Twinby raised 150 million rubles ($1.4 million) in investment, valuing the company at 5 billion rubles ($47.2 million). Launching a paid subscription service in January 2024, Twinby generated 500 million rubles ($4.7 million) in revenue from the service by the end of the year.
In part of the investment round, Twinby raised $1.5 million at a valuation of $28 million. The company is currently developing new strategies to conquer international markets.
