In the “Lion’s Cave”, Carsten Maschmeyer and Georg Kofler promised an investment in the Hessian dating app Chaanz. Now it came out: no match between investors and founders.
Ironically, the over 60 investors Carsten Maschmeyer and Georg Kofler wanted to buy into a dating app for young people in the “Lion’s Den”. The two lions promised the founders of Chaanz 200,000 euros and wanted to take over 49 percent of the start-up in return. But after the TV show was broadcast, it came out that the flirtation between founders and investors remained, and the deal ultimately didn’t materialize.
In the start-up show, Chaanz founders Marwin Gundel, Jakob Hubloher and Nino Reiter won the hearts of investors with their idea. Chaanz wants to arrange spontaneous meetings between singles who happen to be in the vicinity, for example at festivals, in a beer garden or at a party. The difference to Tinder and Co is that you can’t chat digitally for a long time, but have to decide within five minutes whether you want to meet the match or not.
Maschmeyer was enthusiastic about the concept on the show and convinced his colleague Kofler to get on board together. After the broadcast, Maschmeyer explained via Twitter that the deal had burst: “Löwendeals, like all deals outside of #DHDL, are being examined intensively: legal conditions, financial planning, growth and market opportunities. Unfortunately, these requirements were not met at Chaanz at the end of the due diligence, so that @georg_kofler & I didn’t invest.”
Chaanz is still in the starting blocks
One problem with the matter: At the time of the pitch, the dating app had not even started – and still isn’t. “This summer we are launching our first version of chaanz,” says the website. Apparently money is still needed for this. On their homepage, the founders advertise crowdfunding that should bring in 125,000 to 200,000 euros.
Ultimately, the lions were apparently too unsure whether the app could ever reach a relevant number of users. For Maschmeyer, after the deals with the book app Read-O and the audio book portal Audory failed, it is the third failed tech investment in the current “Lion’s Cave” season.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
