Who Is the Founder of Badoo
Andrey Andreev is the founder of Badoo, a social discovery and dating platform. He is a Bulgarian-born entrepreneur based in London and Malta. Andreev has built a portfolio of online dating and social networking companies over the past two decades.
Andreev founded Badoo in 2006, and the platform grew to become one of the largest dating networks globally. The service operates in over 190 countries and supports more than 40 languages. Badoo is known for its freemium model and features like video chat and profile verification.
Badoo Founder Net Worth and Business Ventures
Andrey Andreev's net worth is estimated in the hundreds of millions, largely tied to his stakes in dating and social apps. He previously founded Mamba, a Russian dating service, before launching Badoo. He later founded other apps including Huggle and Lumen.
In 2019, Andreev sold a majority stake in Badoo and its parent company, MagicLab, to a consortium led by Blackstone and other investors. The deal valued the company at several billion dollars. Andreev retained a minority stake and continued to advise the business for a period.
Badoo Ownership, Competitors, and Platform Details
Following the sale, Blackstone and other investors took control of MagicLab, which operated Badoo and other brands. The company later rebranded under different ownership structures. Badoo competes with platforms like Tinder, Bumble, and Hinge in the online dating market.
Badoo remains active as a platform for meeting new people, with millions of daily active users. The app is available on iOS and Android and generates revenue through subscriptions and in-app purchases. For more details on the company's structure and history, see the Forbes overview and Bloomberg company profile.