Investor Troubles Spurred the End For Feminist Dating App Siren
Siren, a feminist online dating app, is shutting down today. In a blog postannouncing the news earlier this week, Siren co-founder Susie Lee cited financial difficulties for the closure and lamented the lack of support for women in tech.
Now, in an interview with The Stranger, Lee and co-founder Katrina Hess break down the complicated history behind the end of their startup.
In short, Siren’s lead investor never fulfilled its financial commitment to the company.
In March 2016, Half the World Holdings (HWH), an investment branch of Singapore-based Blackrun Ventures with a mission of investing in women-centered companies, committed to investing $225,000 in Siren as part of a $750,000 seed round.
But the money trickled in in small, unpredictable amounts, Hess and Lee said, and they never received the full amount.
“It was a constant weight around our necks,” Lee said. “It was like a toxic relationship.”
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