Fundraising FoxDipsea
AcquiredSan Francisco, US · Founded 2017 · 22 known investors
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Dipsea is a subscription mobile app publishing erotic audio stories written and narrated for a primarily female audience.
Also known as Bravado Inc. · bravado.co · Dipsea Inc. · Dipsea Stories
Founders & leadership
Dipsea was founded in 2017 by Faye Keegan and Gina Gutierrez.
Board
Investors · 22
How we know: Kindred Ventures's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Precursor Ventures's portfolio page · research · prnewswire.com · Not right? Tell us
How we know: Redpoint Ventures's portfolio page · a partner's Signal profile · research · prnewswire.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Worklife Ventures's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: XYZ Venture Capital's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · research · prnewswire.com · Not right? Tell us
How we know: funding news · Not right? Tell us
How we know: board seat on SEC Form D · funding news · Not right? Tell us
How we know: funding news · press coverage · Not right? Tell us
How we know: funding news · Not right? Tell us
How we know: research · prnewswire.com · Not right? Tell us
How we know: research · prnewswire.com · Not right? Tell us
How we know: research · prnewswire.com · Not right? Tell us
How we know: funding news · Not right? Tell us
How we know: research · prnewswire.com · Not right? Tell us
How we know: funding news · Not right? Tell us
How we know: funding news · press coverage · Not right? Tell us
Also in the syndicate · 3
Reported raises · per SEC filings
Form D private placements$9.6M disclosed across 2 of 6 rounds · 2018–2022
▶$8.2MraisedApr 2021 · 20 investors · Other TechnologyRule 506(b)
- Eric StrombergDirector
- Faye KeeganExecutive Officer, Director, Promoter
- Gina GutierrezExecutive Officer, Director, Promoter
- Offering amount
- $8.3M
- Amount sold
- $8.2M
- First sale
- Apr 2021
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
▶$1.4MraisedJun 2018 · 7 investors · OtherRule 506(b)
- Faye KeeganExecutive Officer, Director
- Gina GutierrezExecutive Officer, Director
- Offering amount
- $1.5M
- Amount sold
- $1.4M
- First sale
- Jun 2018
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Dipsea operates a mobile application that delivers short-form erotic audio stories, positioned within the women's sexual wellness category. The library contains more than 1,000 stories spanning a range of tropes and characters, produced in-house by a team of writers, editors, directors, narrators and engineers, with content intended to reflect women's perspectives. The company launched its first mobile app in December 2018 with an initial catalogue of 60 stories and expanded the catalogue and format based on early listener feedback about story length, voices and storylines.
The company is headquartered in San Francisco, California, and is categorized in media production. In September 2024 subscription management platform RevenueCat acquired Dipsea, with coverage describing the app as a test ground for RevenueCat's own subscription features.
Founding story
Co-founders Faye Keegan and Gina Gutierrez were roommates in San Francisco when they began exploring the idea. Keegan graduated from Dartmouth in 2012, worked on Bridgewater Associates' investment team and then became a product manager at fintech startup Neighborly, while Gutierrez drew inspiration from audio apps such as Headspace and Calm. Both were interested in women's sexual wellness and observed that no one had taken a product-first approach to the field; after product and market research they left their jobs to build the company. Early fundraising met skepticism from investors, with the first check coming from Eric Stromberg at Bedrock, who had a background in audiobooks and romance genres.
Business model
Dipsea sells access to its audio story catalogue through a consumer subscription in its mobile app.
Recurring consumer subscription revenue from app users; estimated annual revenue in the $1M-$10M range as of July 2026 per a third-party business data provider.
Traction
325,000 app downloads in 2019 after one year in business; a library of more than 1,000 stories; approximately 24 employees and estimated revenue of $1M-$10M as of July 2026.
Latest developments
RevenueCat acquired Dipsea in September 2024, with press coverage describing the app as a proving ground for RevenueCat's subscription management features.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Described as a leading app in the women's audio erotica niche, having positioned itself as an audio platform for women's sexual wellness.
In-house production of original audio stories across many tropes and characters, written and voiced to reflect women's perspectives, rather than licensing existing catalogues.
Technology
Consumer mobile application delivering audio stories; reported web and marketing technology includes Reddit Ads, Adobe and Adobe Creative Suite, Firebase, ScrollReveal, Mautic, Priority Hints and reCAPTCHA.
Go-to-market
Direct-to-consumer distribution through its mobile app and subscription sign-ups, supported by paid channels such as Reddit Ads, marketing automation, podcast appearances and promotional discount codes.
Adult listeners seeking on-demand erotic audio content, primarily women.
Geography
Headquartered in San Francisco, California, with staff reported across North America, Europe and Asia.
History
Dipsea was founded in 2018 and launched its mobile app in December 2018 with 60 stories. It raised $5.5 million in seed funding announced in February 2019, and reported 325,000 app downloads in 2019, its first year in business. A further round of $8.2 million was reported in April 2021. In September 2024, RevenueCat acquired the company.
Compiled by commissioned research from 10 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 7
launches, deals, and filingsSubscription management platform RevenueCat acquired Dipsea, an app offering subscriptions for audio erotica, as a test ground for RevenueCat's features.
Bravado completed its first acquisition, adding Compgauge, a provider of salary data, company reviews and interview insights for sales professionals, to expand its Talent Marketplace.
Bravado announced a $26 million Series B round led by Tiger Global, bringing total capital raised to $41 million.
$26M source ↗
Reported funding round of $8.2 million, the company's most recent round.
$8.2M source ↗
Bravado launched Bravado Jobs at the end of 2021, a marketplace connecting sales professionals with vetted employers; it was the company's first paid product.
San Francisco-based Dipsea, an app selling erotic short stories for women via subscription, raised $5.5 million in seed funding.
$5.5M source ↗
Dipsea launched its erotic audio story mobile app in December 2018, starting with 60 total stories.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 10
primary sources listed
- The Dipsea Racedipsea.org · web
- Bravado Raises $26M Led By Tiger Global, Acquires Compgauge To Provide Comprehensive Ecosystem for B2B Sales Hiringprnewswire.com · web
10 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Dipsea do?
- Dipsea is a subscription mobile app publishing erotic audio stories written and narrated for a primarily female audience.
- Who founded Dipsea?
- Dipsea was founded by Faye Keegan, Gina Gutierrez in 2017.
- Who are Dipsea's investors?
- Dipsea's investors include Kindred Ventures, Precursor Ventures, Redpoint Ventures, Worklife Ventures, XYZ Venture Capital, AirAngels, Amboy Street Ventures, Bedrock and 11 more.
- How much funding has Dipsea raised?
- Dipsea has disclosed $9.6M raised across 2 of its 6 known rounds.
- Where is Dipsea headquartered?
- Dipsea is headquartered in San Francisco, US.