The story
citysocializer was founded in January 2007 by ex-BBC producer Sanchita Saha. The company was initially funded through with R&D support from The Prince's Trust. In 2009 the company raised £260,000 in investments through the London Business Angels group. These funds went towards city expansions, marketing and platform developments. By 2010 they had brought in £300,000 in revenue. In December 2010 citysocializer secured £1 million in a Series A round which was led by PROfounders Capital. This investment would be used for product development, expansion, and staff recruitment development and product management.
In August 2013 their first iPhone app was released and in July they announced they made a deal with OK! magazine and Gay Times.
The parent company entered liquidation in September 2023.
From Wikipedia’s article on Citysocializer, shared under CC BY-SA 4.0.4