The Briefing: Bumble Eyes IPO, Better Tomorrow Closes $75M Fund, And More

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Bumble eyes IPO at valuation up to $8B

Bumble, the dating app where women make the first move, is reportedly moving ahead with plans for a potential public offering.

The company is said to be working with Goldman Sachs and Citigroup for a possible IPO, which could list as early as the first quarter of 2021, Bloomberg reports. It is likely to seek a valuation of between $6 billion and $8 billion.

Austin-based Bumble was founded in 2014 by Whitney Wolfe Herd, formerly co-founder of the dating app Tinder. Last year, private equity firm Blackstone bought a majority stake in the app’s parent company, MagicLab, at a valuation of around $3 billion.

DoorDash files S-1

DoorDash filed initial public offering paperwork Friday, revealing a 226 percent increase in revenue over the past nine months and a jump in market share in the last two years. [Read more]

New funds

• Better Tomorrow Ventures raises $75M fund: San Francisco-based Better Tomorrow Ventures has raised $75 million for its debut fund, which will focus on fintech startups.

IPOs

• Ozon looks to raise $750M in IPO: Russian online retailer Ozon is reportedly planning to raise about $750 million in an initial public offering in the United States to help fund expansion in its home market.

Illustration: Dom Guzman