Online Dating Firm Unveils $20M Annual Fund to Boost “Virtual Intimacy” Startups

Social Discovery Group, renowned for platforms like Dating.com and DateMyAge.com, is embarking on an intriguing new venture with the launch of SDG Lab. This venture studio is set to revolutionize virtual intimacy, transforming it into a commonplace experience by investing in startups that specialize in AI-driven communications, innovations in XR, and platforms centered around social discovery.

SDG Lab is committing a significant annual investment of $20 million, facilitating a smooth and efficient fundraising process. This allows entrepreneurs to secure seed funding necessary for product development along with further financial support as they scale their operations.

Among SDG Lab’s strategic investments are ‘VR Chat&Date,’ an immersive virtual dating platform, along with several niche dating apps such as Kiseki, Flure, and AstroLove. These platforms represent a forward-thinking approach to dating and social interaction.

Heading up SDG Lab is Alex Kudos, who previously served as the Chief Marketing Officer for Social Discovery Group. Under his leadership, SDG Lab is offering invaluable resources to startups in the social discovery and connectivity space. This includes legal advice, support with administrative tasks, robust tech infrastructure, and considerable marketing expertise.

Alex Kudos, now CEO of SDG Lab, expressed the studio’s vision, saying, “Social interaction is rapidly changing, and digital intimacy is the next significant step. At SDG Lab, our mission extends beyond just funding projects. We’re actively shaping the future of how humans connect. Our collaborations with visionary entrepreneurs help craft technologies that enable meaningful relationships, regardless of geographical boundaries.”

Further emphasizing the shift in how relationships are formed, Kudos noted, “Virtual relationships and AI-enabled connections have moved beyond the realm of science fiction and are now essential components of our digital existence. SDG Lab is at the forefront, creating a new wave of products designed to redefine the way people connect, interact, and establish relationships online.”