Maybe we are almost out of the woods. Zoosk, a dating service, has just landed a series D funding round, to the tune of thirty million dollars.
The funding comes at a time when, as reported by TechCrunch, the company has been cashflow positive for two months, is on track to twenty million dollars in revenue for the year, and has forty million registered users.
But while the company is doing well, the timing of the funding is what is important. Series D rounds of funding are not nearly as common as earlier rounds. They tend to be for maturing companies that have demonstrated strong potential and revenue capability. Zoosk (the name aside), has done just that.
For the concerned community of entrepreneurs, it seems that receiving funding is nothing like impossible. All you need is an expanding bottom line and route to profits. That is, to be a real company. Sure, the last bubble is past, but the solid teams are still getting the money that they need.
Zoosk was founded in 2007, and has now received total funding of 40.5 million dollars. This most recent round was as large as its part three combined, multiplied three times. Also, this round comes only six months after they raised six million dollars in their series C round.