One analyst valued Woo Media at million at the time it was funded.Woo Media was created by Stephen Stokols, an American entrepreneur, technologist and executive in 2007 after a conversation with his sister about the difficulties using an online dating service.Stokols had been working on new web based video technologies and used it to launch Woo Media’s first property, Woo
Social dating company Zoosk has acquired Woo Media, the company behind sites like Woo Me.com, and Monsterchat.com, for an undisclosed sum.
You may remember Woo Me from when I called the company, which was a finalist in our Tech Crunch40 conference, out as lowly scammers (I signed up as a horse and turned out to be phenomenally popular among young super models).
Terms of the acquisition were not disclosed, but all signs point to a firesale.
Woo Me claims 10 million users, but having experienced first-hand how they lure in non-suspecting ‘members’ I can’t imagine even a small percentage of them being active on the site. According to a press statement, all Woo Media properties will be ‘merged into Zoosk’.
Woo Media was founded in 2007 and launched Woo Me.com, at the inaugural Tech Crunch40 event.
The company was backed by Atomico (founded by Skype founders Niklas Zennstrom and Janus Friis), Index Ventures, Mangrove Capital Partners, Klaus Hommels and Oliver Jung.Woo Media was an online chat and video social network which offered a variety of interactive sites that provided live social entertainment through a computer or mobile device.The company raised million in venture capital from several investors including Index Ventures, Atomico (founded by Niklas Zennström and Janus Friis), Mangrove Capital Partners, and Klaus Hommels.Upon launching the website at Tech Crunch40 in 2007, Stokols grew the organization from 5 employees in 2007 to over 60 in 2011.The company broadened its focus over the past 5 years and, at the time of its sale, included additional websites of various interactive video experiences including one on one online chat experience (Woo Me.com), reality TV online video (Woo Me.tv), peer-to-peer video chat (Shuffle People.com), and social group video chat (Monster Chat.com).The Woo Media network had over 10 million active users with an average of 20 thousand registrants per day at the time of the sale to Zoosk.