Headquartered in Zurich, dua.com initiated its operations in late 2019. It started by reconnecting Albanians, its first globally fragmented community with a large diaspora. Within a span of two years, the dua.com app has been downloaded and installed on iOS or Android devices over 1.4 million times, reaching a total of over 100 million message exchanges, and over 3 billion user interactions. Thus, becoming the fastest-growing matchmaking provider in Albanian-speaking countries. In Q4/2022 dua.com is expanding its community-first approach to many other globally fragmented communities.
In terms of investments, the company completed Seed and Series A rounds, raising a total of $4.9 million. To achieve such an objective, well-known Swiss Entrepreneurs, Venture Capitalists, and Angel Investors have invested in dua.com and provided strategic advice in their respective areas of expertise.
To facilitate the global vision, the company acquired Spotted.de, a location-sensitive social dating app in the serendipitous connection space that has attracted users in German and French-speaking countries. Spotted raised $15.3 million in Seed and Series A funding up to date.
As per Valon Asani, dua.com’s CEO, the joint synergy between dua.com and Spotted will enable the company to gain the technical and business advantage from Spotted along with its user base, thus increasing the overall revenues and setting base in the DACH market.
“DUA addresses a fundamental but yet unmet need for many globally dispersed communities. These international Migrant Communities are fragmented and disconnected. Our mission is to reconnect them, wherever they are. From anywhere to everywhere, respectively, from hyper-local (Spotted) to super global (dua.com)”, explains Valon Asani, CEO dua.com
“We are very happy to join forces with the competent team of dua AG and Valon to take the app to the next level and bring even more people together, in perfect keeping with the Spotted philosophy of ‘share the love’”, said Nik Myftari - Founder Spotted.de
The Zurich-based company plans to involve its community in the financing of the next steps. During Q4 2022,, dua Foundation is expected to announce the Token Generation Event (TGE) of its utility token, dua Token, including capital raising from web3 community members. Thus, making DUA the first utility token targeting globally fragmented communities.
With the assistance of the DeFi infrastructure layer of AllianceBlock, dua.com is also aiming to enable millions of financially underserved people access to the benefits of DeFi. On top of that, the company is aiming to build a matchmaking rewarding system based on user reputation and contribution and a self-sovereign identity solution for millions of users across web3.
(Press release / SK)