The Series A investment round was led by Luxor Capital, a multi-billion dollar US hedge fund, and Y Combinator, the Silicon Valley-based accelerator who have backed the likes of Airbnb, Dropbox, Stripe and Reddit.
With over 1.5 million members and over 30,000 ‘successes’ worldwide, the app operates in 210 countries and is available in 14 different languages.
The latest round follows a $1.75m seed round in 2018, led by Fabrice Grinda’s FJ Labs, Y Combinator, and London-based venture firm, Hambro Perks.
“Shahzad has clearly made something that people want,” said Tim Brady, Partner at Y Combinator.
“He is a resourceful founder who has been listening to his users and in the process has developed an invaluable service for the Muslim community, in a way that mainstream companies have failed to do.”
Jon Green, portfolio manager at Luxor Capital added: “We are highly impressed with Shahzad and the business he has built so rapidly over the last few years. I look forward to joining him on the exciting journey ahead.” –
Muzmatch founder and CEO Shahzad Younas left the world of investment banking In 2014 before teaching himself how to code and investing all of his savings in starting up the business he believed in.
“Muzmatch is more than just a conventional dating app, it is revolutionising how Muslims meet and marry. With 1.8 billion Muslims in the world, our goal is to unite the hearts and minds of this untapped demographic in their journey of finding a life partner,” said Younas.
“This investment marks the next exciting chapter for Muzmatch and will help us to further develop the app, allowing our members to communicate and connect in ways like never before. It’ll also allow us to vastly accelerate our international growth in key Muslim markets”.