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Venture capital-backed dating website Zoosk eyes $100m IPO

17 Apr 2014

heart_lrgVenture capital-backed online dating website Zoosk is looking to raise $100m via an IPO.

Zoosk, which is backed by venture firms Canaan, ATA Ventures and Bessemer Venture Partners will trade on the New York Stock Exchange under the symbol ZSK, according to a regulatory filing.

The dating website currently has more than 26m members including 650,000 subscribers in 80 countries.

Canaan is Zoosk’s largest shareholder with a 32.4 per cent stake, while ATA and Bessemer hold stakes of 17 per cent and 16.3 per cent, respectively.

Zoosk posted a net loss of $2.6m last year, down from $20.7m in 2012, as revenues surged 63 per cent to $178.2m.

Bessemer backed Zoosk in December 2009 when it led a $30m Series D round for the company.

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