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Instead of taking a minority stake in a cash-burning company such as ride-hailing rivals Uber Technologies Inc. Bumble sets itself apart from other dating apps with its requirement that women initiate a conversation that might lead to a date.


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Blackstone aims to help it expand into more geographies and to continue branching out into facilitating nondating-related social meetups. Bumble already lets users meet friends and make professional connections through its app.

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Investing in companies with robust growth profiles has been a major part of its plan. Along with the growth-investing business, it has started a unit dedicated to investing in life sciences, another avenue leading it into earlier stage companies than would traditional private equity. The deal will mark a successful exit for Mr. The Russian-born billionaire founded Badoo in as the first free dating site that combined photo albums with instant messages. He later began allowing Badoo users to pay to gain access to premium features such as the ability for users to see who liked them, pioneering the revenue model that has become dominant across dating apps.

Though less well known in the U. Wolfe Herd met Mr. Andreev in when she was working for Tinder, which is owned by rival Match Group Inc. She left Tinder the following year, suing the company and its parent for sexual harassment, and worked with Mr. Andreev to develop a women-centered dating app.

The suit was settled in For over years, the spirit of Fides Et Robur — Faith And Strength — and the importance of an education in the Catholic Spiritan tradition have been at the heart of Blackrock College life.


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