Grindr set to appoint LGBTQ+ CEO and become public company


Grindr is aiming to appoint a new LGBTQ+ CEO and is set to become a public company, as part of a $2.1 billion deal with Singapore-based Tiga Acquisition Corp, a so-called ‘blank check’ shell company that raises funds before buying businesses.

Following the deal, which will see $384 million injected into the world’s biggest gay dating app, 78 percent of Grindr will still be owned by existing shareholders.

In 2020, San Vicente Acquisition bought Grindr for $608 million: just under one third of its current valuation, based on the terms of the newly-announced acquisition deal. In 2021 Grindr had an estimated 10.8 million users, making it the most successful LGBTQ+ dating app worldwide.

“It has been the longstanding goal of Grindr’s current ownership and management that Grindr be led by members of the LGBTQ+ community.”

Grindr, announcing a merger deal that will make it a public company and appoint an LGBTQ+ CEO

Jeff Bonforte, Grindr’s current CEO, will step down from the company as the new deal goes through.

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“It has been the longstanding goal of Grindr’s current ownership and management that Grindr be led by members of the LGBTQ+ community,” Grindr said in a statement announcing the deal.

It added that “Grindr’s board and management have identified and been in discussions with a potential new chief executive officer candidate who would bring a depth and breadth of experience across technology, finance, and management, including time spent in an executive leadership role at a public company.”

Grindr launched in 2009, quickly becoming the go-to dating app for members of the LGBTQ+ communities. In 2021 the company launched Grindr 4 Equality –‍ a branch of the organization working to promote safety, health and human rights for LGBTQ+ people.

Bonforte said: “Grindr is well positioned to be a public company and will continue to expand the ways it serves the LGBTQ+ community, from products, services to the philanthropic and advocacy work done through Grindr 4 Equality.”

Read next: Grindr disappears from Chinese app stores amid Winter Olympics internet crackdown

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Jamie F

Jamie F

Jamie is a freelance writer, contributing to outlets such as The Guardian, The Times, The Telegraph, CNN and Vice.

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