History
Badoo was founded by Andrey Andreev and launched in London in April 2006.[11] It has since ranked among the most popular dating websites.[12]
In 2007, Badoo raised $30 million in funding.[13] In January 2008, Finam Capital paid $30 million for a 10% stake in Badoo for expansion in Russia.[14] Badoo also reached 13 million users in 2008.[15]
The official launch of Badoo in the U.S. was on March 23, 2012, with Nick Cannon introducing the service in the United States.[7]
In 2014, Badoo’s CEO Andrey Andreev contacted Bumble’s Whitney Wolfe Herd to form a partnership: Andreev received 79% ownership in the company for an initial investment of $10 million, along with additional investments; Wolfe Herd served as founder, CEO, and 20% owner.[16][17] As part of the agreement, the new company would also utilize Badoo's infrastructure and Andreev's consulting.[18] Wolfe Herd said the partnership was key due to Andreev's "knowledge and infrastructure".
In 2016, Badoo was the most downloaded dating app in 21 countries.[9]
In April 2017, Badoo launched a newly redesigned app and brand, as well as the tagline "Bigger than Dating". Andreev discussed this redesign in an interview with Business Insider James Cook in the same month.[4]
Andreev created Magic Lab in 2019 as the parent company of both Bumble and Badoo.[5] In November 2019, Andreev sold his majority stake in Bumble and Badoo to Blackstone Inc. in a deal that valued the companies at $3 billion.[19]
In 2020, Bumble Inc. replaced MagicLab as Badoo’s parent company, with Badoo becoming a subsidiary product.[20]
Badoo launched its “Let’s Fix Dating” global marketing campaign in 2022.[21]