by Taylor Soper on 5, 2017 at 11:36 am April 7, 2017 at 7:23 am april
Noise the security for women hunting for something apart from conventional relationship apps: Siren is shutting down.
The app that is seattle-based which billed itself as an option to internet sites such as for example Tinder and Match.com with a concentrate on empowering ladies, is shutting its doorways after operating away from cash.
Siren co-founder Susie Lee penned an article Tuesday detailing the reason why for the businessâ€™s shutdown. She noted that Blackrun Ventures, which year that is last $225,000 as an element of Sirenâ€™s seed round, had never â€œcompleted their obligation.â€
â€œInstead, we received tiny, unpredictable amounts, because of the other investors fearlessly stepping forward,â€ Lee published. â€œThrough the dedication of the committed individuals we were in a https://amor-en-linea.org/ position to carry on development, nonetheless we’re able to never ever prepare beyond a couple of months, hindering development, milestones, and brand new financing possibilities.â€
In a meeting with GeekWire, Lee stated that â€œall closing docs had been finalized, but never finished their dedication.â€
â€œInstead, they issued small, unpredictable tranches, usually with months in between, despite sometimes daily requested updates and repeated assurances,â€ Lee noted.
Blackrun Ventures, which spent included in its investment that is women-focused arm nevertheless lists Siren on its portfolio web page. Weâ€™ve reached away into the company for lots more details and certainly will upgrade this post once we hear right back. Improve: On Friday, Blackrun taken care of immediately GeekWire and offered this statement:
â€œBlackrun Ventures joined up with a quantity of investors to take part in Sirenâ€™s $500,000 seed funding round. Because the lead investor, we committed $225,000, of which 75% ended up being disbursed throughout the last 12 months following conclusion of research. Continue reading Dating application Siren, which empowered ladies, shuts straight down after running away from money