SDGroup: a dating empire pivoting to all-things digital reality
22, December 2022
- Social Discovery Group and its venture arm, controlled by Russia-born Maltese entrepreneur Dmitry VolkovDealroom has a profile for this one. Try Dealroom →, develop products tackling loneliness through digital reality.
- Its venture studio, now called SDG LabDealroom has a profile for this one. Try Dealroom →, develops social and entertainment apps, including XOXODealroom has a profile for this one. Try Dealroom →and Magnet,Dealroom has a profile for this one. Try Dealroom → incorporating AI and video streaming technologies.
- Founded in the 1990s, the group of companies initially shaped the online dating industry through Dating.com.Dealroom has a profile for this one. Try Dealroom → Recently it expanded with notable acquisitions of hyper-specialised dating platforms like CupidMediaDealroom has a profile for this one. Try Dealroom → and DilMil.Dealroom has a profile for this one. Try Dealroom →
- The group claims a user base of over 250 million in 100 countries. Its official HQ is in Malta, with offices in Cyprus, the US (New York), and a global workforce of 1000+, mainly in Central Eastern Europe and the Caucasus.
- Social Discovery Group has launched a $50 million VC fund through its CVC, which also acts as Volkov’s Family Office. The fund aims to invest in dating and ”social discovery” projects like S'MoreDealroom has a profile for this one. Try Dealroom → and PropsDealroom has a profile for this one. Try Dealroom →.
- This aligns with the company's vision to build "Social Life 3.0," connecting people globally through cutting-edge communication tools.
Source: SDG
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