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He was the company's initial CEO until March 2015, when he was replaced by former e Bay and Microsoft executive Chris Payne.

He declined to specify the amount of money awarded in the contract. “It allows us to do better things, it allows us to attract more people because of the cooler things we’re able to do.” 18- to 24-year-olds most likely to use dating apps The sponsored parties are just one example of the growing presence dating apps have on college campuses.

The frats provide access to thousands of potential new users — a trend that has gone unnoticed by parents.

“I think parents would want to know this,” said Joell Mc New, president of Safehorns, a safety advocacy nonprofit comprised of UT parents, students and community members. We’re still parents, regardless of how old you are.” Mc New said she has concerns about the safety of online dating, which encourages meet ups with strangers.

The annual event, which has come under fire for its long history of racism, is no longer sanctioned by the university.

“At UT Round Up specifically, our brand ambassadors work hard to elevate students' experiences — whether it's offering safe rides for students to get around campus, passing out merchandise, such as Chap Stick, sun visors, or fans, as well as supporting the fraternities in their endeavors,” said Samantha Fulgham, Bumble’s Chief Creative Marketing Officer, in an email.

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