Bumble CEO Whitney Wolfe Herd on Partnering with Blackstone Growth
“I’ve seen the value they add to my business and our executive team, and it’s been truly exceptional.”
That’s how Whitney Wolfe Herd, founder of the popular dating app Bumble, describes the last several months working with Blackstone Growth (BXG).
Wolfe Herd founded Bumble in 2014 with the goal of creating a female-friendly alternative to other dating apps on the market. Since then, Bumble has launched offshoots for users to meet professional contacts or new friends in their area, rapidly becoming a globally recognized leader in the digital connection space.
Not surprisingly, Wolfe Herd had options when it came to outside investors. What made BXG stand out was the team’s ability to offer not only capital, but also access to Blackstone’s full suite of operational resources.
Watch the video to hear from Whitney.
This statement is provided by an executive of a portfolio company of certain investment vehicles advised by an advisory affiliate of Blackstone. This individual was not compensated for the statements made herein. As a result of the ownership structure of the portfolio company, a conflict of interest exists because this individual has an incentive to make positive statements about Blackstone and their experiences with Blackstone to maintain goodwill with Blackstone. Certain portfolio company executives are also investors in investment vehicles advised by an advisory affiliate of Blackstone. To the extent the individual making such statements is also an investor in any such vehicle, such individuals also have an incentive to make positive statements about Blackstone and the fund advised by its advisory affiliates in order to incentivize Blackstone, or its advisory affiliates, to, for example select the individual as an investor with respect to future fundraises and grant such individual better terms with respect to any such investment vehicles.
