I
if(we)
Life, biz, tech and more from if(we), formerly known as Tagged, Inc.
About if(we)
if(we) operated as a social and mobile technology company, functioning as an incubator for new social applications from its base in San Francisco, California. The company's history began as Tagged Inc., which was co-founded in 2004 by entrepreneurs Greg Tseng and Johann Schleier-Smith. They aimed to create a social discovery service for meeting new people, which became profitable in 2008 and saw significant revenue growth. In a strategic shift in October 2014, the parent company rebranded to if(we) after acquiring the social messaging startup Tinode. This move marked a change in focus towards incubating new mobile software, while continuing to operate its successful platforms, Tagged and hi5.
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The company's portfolio was diverse, centered on connecting people. Tagged, its flagship product, was designed as a social discovery network for dating and making new acquaintances, incorporating social games to encourage interaction. Another significant platform was hi5, once a top-tier social network, which if(we) acquired in December 2011 and integrated with Tagged's features while maintaining it as a separate site. The company also developed other applications, including Nod, an iOS messaging app with customizable avatars, and Swoon, an Android-based dating app with a swipe-style interface.
The business model focused on a freemium approach, where basic social networking was free, and revenue was generated through advertising, subscriptions for premium features (VIP access), and in-app purchases like virtual gifts or currency for games. This model proved successful, with the company reporting $44 million in total revenue for 2016. In March 2017, if(we) was acquired by MeetMe (now The Meet Group) for $60 million in cash. The acquisition was a strategic move by The Meet Group to expand its global portfolio of mobile social discovery platforms, adding if(we)'s 10.6 million mobile monthly active users to its own. Following this acquisition, The Meet Group itself was later acquired in 2020 by ParshipMeet Group, a major player in the online dating market.
At a glance
- Status
- Acquired
- Founded
- 2004
- Headquarters
- San Francisco, United States
- Employees
- 35
- Open positions
- None listed
- Dealroom signal
- 67.6/100
- Industry
- Event Tech, Jobs Recruitment
- Sector
- eCommerce & Marketplaces, Social, Advertising, App
- Business model
- Marketplace & ecommerce
- Client focus
- b2c
- Investment activity
- 6 companies, latest Jan 2017
- Capital deployed
- —
- Preferred round
- ACQUISITION
Latest news
Press, funding announcements and product moves mentioning if(we).
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Mar 2017 | $60M | $60M | Undisclosed | — |
| LATE VC✓Equity / VC | Aug 2012 | $15M | $60M | Comerica Bank | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for if(we) is 790 monthly website visits, up 79.5% over the last three months. if(we)'s team declined 2.8% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
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Hi5San Francisco, United StatesSocial networking site that allows its users to create, upload, and share content with other members
$56Mvaluation
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$600Kvaluation
WeGameSan Francisco, United StatesSocial platform for gamers, allowing them to build a gamer-social-and-interest graph through other users' recommendations
$12Mvaluation
dotSyntaxRochester, United StatesDigsby = IM + Email + Social Networks
$2Mvaluation
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Reid Hoffman
Lighthouse Capital Partners
Series A1 investor entered at this stage
Series B and later2 investors entered at this stage
Leader Ventures
Comerica Bank
Other known investors2 additional known investors
Green Egg Ventures
Raj Kapoor
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about if(we) on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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