Bang With Friends, the Facebook app that allows you to hook up with people on your friend list is about to go places. The company is looking at raising $1 million seed money for the service.

According to a report by Business Insider, the founders are out to raise investment for the controversial app and are managing to find the money too. Venture capitalist Tim Draper and company Great Oaks Ventures is looking at investing in Bang With Friends according to sources.

Facebook's next?

Facebook's next?

Bang with Friends has had a controversial history ever since it hit the market earlier this year. Using the app, users can figure out people in their friend list who could potentially be up for sexual encounters. The USP of the service is that it is as anonymous as it can get, cutting down the risk of potential embarrassment and rejection. The app only alerts users of a potential hookup if both parties express interest by selecting what is called the “Down to Bang” button.

According to a rumour doing the rounds earlier this month, Facebook itself seemed keen on purchasing Bang With Friends. The social networking giant’s rumoured foray into the world of online dating was said to be worth $30 million, a price it was willing to pay for Bang With Friends.

With or without Facebook support, Bang With Friends has hit it big, indeed. In an interview with Business Insider earlier this month, one of the anonymous founders who only identified himself as “C” said that Bang With Friends has already amassed more than 820,000 users and has played cupid to nearly 200,000 pairs. 70 percent of the users on the app are said to be between the ages of 18 and 34.

Bang With Friends has earned notoriety as well as a ton of users through shock value. Word of mouth amongst the younger generation has helped the app out immensely. Investment of up to a million dollars could well see Bang With Friends becoming more mainstream, at least in the western world.

(Cover Image Credits: Getty Images)

Tags: , , , , , , ,