Online Dating Firm Unveils $20M Annual Fund to Boost “Virtual Intimacy” Startups

Social Discovery Group, the creators of platforms like Dating.com and DateMyAge.com, has unveiled an exciting new venture studio named SDG Lab. This initiative is set to transform how we perceive virtual intimacy, aiming to make it a commonplace experience. By supporting budding startups that harness AI in communication, advancements in extended reality (XR), and innovative social discovery platforms, SDG Lab is paving the way for the future.

The company has committed to investing a substantial $20 million each year. Their approach to fundraising is refreshingly straightforward, allowing entrepreneurs easier access to seed funding necessary for initial product development, along with additional capital to aid in scaling their ventures.

Among the standout investments from SDG Lab are ‘VR Chat&Date’, a unique platform for virtual dating, along with specialized dating apps like Kiseki, Flure, and AstroLove that cater to niche audiences.

Spearheaded by Alex Kudos, who previously served as the Chief Marketing Officer at Social Discovery Group, SDG Lab also offers significant support to startups. This support extends beyond funding and includes crucial resources such as legal advice, back-office management, cutting-edge tech infrastructure, and expertise in marketing.

“Social interaction is going through an evolution, with digital intimacy at the forefront,” Alex Kudos, now the CEO of SDG Lab, remarked. “At SDG Lab, we’re not merely funding new ideas; we’re actively participating in shaping the future of human connectivity. By investing in courageous entrepreneurs, we are developing technologies that allow for meaningful connections, irrespective of geographical boundaries.”

Kudos further emphasized that “Virtual relationships and AI-driven interactions aren’t just the stuff of science fiction anymore. They’re an integral part of our digital existence.” With SDG Lab’s contributions, the next generation of products is on the horizon—offering fresh ways for people to connect, interact, and form relationships in the online world.