by Taylor Soper on April 5, 2017 at 11:36 am April 7, 2017 at 7:23 am
Noise the security for females in search of one thing apart from old-fashioned relationship apps: Siren is shutting straight down.
The Seattle-based software, which billed it self as an option to websites such as for example Tinder and Match.com with a concentrate on empowering females, is shutting its doorways after operating away from money.
Siren co-founder Susie Lee penned an article detailing the reasons for the company’s shutdown tuesday. She noted that Blackrun Ventures, which just last year spent $225,000 as an element of Siren’s seed round, had never “completed their obligation.â€
“Instead, we received tiny, unpredictable quantities, utilizing the other investors fearlessly stepping forward,†Lee had written. “Through the dedication of those committed individuals we had been in a position to carry on development, but we’re able to never ever prepare beyond a couple of months, hindering development, milestones, and brand new money possibilities.â€
In a meeting with GeekWire, Lee said that “all closing docs have been finalized, but never finished their dedication.â€
“Instead, they issued tiny, unpredictable tranches, frequently with months in between, despite sometimes daily requested updates and repeated assurances,†Lee noted.
Blackrun Ventures, which spent as an element of its women-focused investment supply, nevertheless lists Siren on its profile web page. We’ve reached out to the company for lots more details and certainly will upgrade this post once we hear right back. Modify: on, Blackrun responded to GeekWire and provided this statement friday: