Situated in Western Hollywood, California, Grindr is specially preferred certainly one of gay guys and also many profiles.
When Grindr Inc’s Chinese owner marketed standard matchmaking software so you’re able to an investor consortium just last year to help you follow an excellent You.S. federal safeguards panel buy, the new activities toward offer offered recommendations so you can regulators that challenged disclosures so you’re able to possible dealers and you can Chinese authorities, Reuters features discovered.
It informed the latest Committee on Overseas Financing in the united states (CFIUS) you to James Lu, an excellent Chinese-Western entrepreneur who’s today Grindr’s chairman, didn’t come with past business model having a button agent on seller, men called Ding’an Fei, based on a beneficial Reuters overview of the fresh parties’ authored distribution to CFIUS.
Fei, an old personal collateral administrator, is acting as an adviser so you can Beijing Kunlun Technical Co Ltd, Grindr’s owner at that time, into the package, this new data let you know.
“Brand new dealers and you will Ding’an Fei keeps at no time held providers together with her in their private capabilities ahead of the proposed transaction,” Kunlun in addition to investor category, titled San Vicente Holdings LLC, typed to CFIUS in an answer old .
But not, when Lu are increasing money to find Grindr throughout the second 50 % of 2019 and you may very early 2020, potential traders was basically told through companies providing him improve the currency you to definitely Fei try involved in the work with him in various capacities, a peek at four more fundraising data files suggests. Read More