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Engage.com, the Internet's first online relationship community where
adults join forces with their single friends to help them in their
search for true and lasting love, recently announced a $5 million
Series A round of funding. Advanced Technology Ventures led the
round, with current seed investors Revolution Ventures, The Founders
Fund and Josh Kopleman also participating. Steve Baloff, a general
partner at ATV, will take a seat on the Engage board. Engage will
use the financing for additional product development, recruiting and
marketing efforts.
leading
online dating services were satisfied with their experience. "Engage
promotes social accountability in dating by allowing singles to
invite a highly-motivated and caring community to help them meet
someone special," said Suneet Wadhwa, CEO and co-founder of Engage.
"This removes the social isolation that tends to foster inauthentic
dating behaviors plaguing other dating sites."
Recognizing that half of all marriages in this country are the
result of a personal introduction, often made by a friend, on Engage
singles invite their friends and family to Play Matchmaker(TM) for
them, vouch for their character and share their instincts and
perspective about potential romantic interests. This tried and true,
socially-collaborative process of finding love online borrows from
how relationships actually form in the off-line world.
“Engage
captured our attention with a seasoned team and an innovative
offering that presents a better alternative to the outdated, and
nearly identical, business models of all the current dating sites,”
said Steve Baloff of ATV. “We're convinced Engage's collaborative
and socially-conscious approach to the relationship space provides
singles with a better path to love, and we look forward to actively
participating in that process.”
Steve
Baloff brings over 19 years of entrepreneurial, operating and
venture experience to the Engage Board of Directors. He founded and
served as CEO of Worldview Systems, a venture-backed start-up noted
for creating and launching Travelocity. Steve held executive
positions in sales, marketing and general management with Covalent
Systems. During his tenure, the company went from pre-revenue to
over $20 million in revenues. His career originated at Booz, Allen &
Hamilton, where he focused on strategy engagements for a variety of
technology companies. Steve currently holds Director roles with
Alfalight, Browster, Compassoft, Liquid Engines, Tripwire and
WildTangent.
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