Dating application Siren, which empowered ladies, shuts straight down after running away from cash

Dating application Siren, which empowered ladies, shuts straight down after running away from cash

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 company’s shutdown tuesday. She noted that Blackrun Ventures, which this past year spent $225,000 as an element of Siren’s seed round, had never “completed their obligation.”

“Instead, we received little, unpredictable quantities, utilizing the other investors fearlessly stepping forward,” Lee had written. “Through 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.”

In a job interview with GeekWire, Lee stated that “all closing docs have been signed, but never finished their commitment.”

“Instead, they issued tiny, unpredictable tranches, usually with months in the middle, despite sometimes daily requested updates and repeated assurances,” Lee noted.

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