by Taylor Soper on April 5, 2017 at 11:36 am April 7, 2017 at 7:23 am
Noise the security for females shopping for one thing except that conventional relationship apps: Siren is shutting straight down.
The Seattle-based application, which billed it self instead of internet sites such as for instance Tinder and Match.com with a concentrate on empowering ladies, is shutting its doorways after operating out of cash.
Siren co-founder Susie Lee penned an article detailing the reasons for the companyâ€™s shutdown tuesday. She noted that Blackrun Ventures, which this past year spent $225,000 as an element of Sirenâ€™s seed round, had never â€œcompleted their obligation.â€
â€œInstead, we received little, unpredictable quantities, utilizing the other investors fearlessly stepping forward,â€ Lee had written. â€œThrough the commitment among these committed individuals we had been in a position to carry on development, nevertheless we’re able to never ever prepare beyond a couple of months, hindering development, milestones, and brand new money possibilities.â€
In a job interview with GeekWire, Lee stated that â€œall closing docs have been signed, but never finished their commitment.â€
â€œInstead, they issued tiny, unpredictable tranches, usually with months in the middle, despite sometimes daily requested updates and repeated assurances,â€ Lee noted.