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Grindr Dating App to Go Public Through Tiga SPAC at $2.1 Billion Valuation

  • Chinese owners forced to divest gay-dating app in 2020
  • Revenue of $147 million in 2021 was up 30% from 2020
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Grindr LLC, the dating app that specializes in connections for the LGBTQ+ community, has agreed to go public through a blank-check firm in a deal that values the combined company at $2.1 billion including debt.

The predominantly male dating app is merging with Tiga Acquistion Corp., which debuted in November 2020. The special purpose acquisition company isn’t offering any private investment in public equity, or PIPE, deals. The business combination will provide Grindr with an estimated $384 million, which the company will use to pay down debt and strengthen its balance sheet.