Grindr to Acquire Freddie, Expanding Access to HIV Prevention for Millions of Users
Business Wire•30/09/2026•16:45 ET
0
Key Highlights
- ➤Grindr (GRND) to acquire PurposeMed, parent of Freddie, for $250 million
- ➤Additional cash consideration could reach $70 million based on 2027 performance
- ➤Freddie expects 2026 revenue above $80 million and Adjusted EBITDA above $10 million
- ➤Transaction expected to close in Q4 2026, subject to closing conditions
- ➤Grindr expects immaterial impact on 2026 financial results
Expert Statements
George Arison, CEO and Chairman of Grindr
“For generations of gay men, HIV shaped how we thought about intimacy, relationships, and our own futures. Today, we have the tools to prevent it. New infections should be close to zero, and that is what we are striving to achieve.”
George Arison, CEO and Chairman of Grindr
“The challenge is connecting people to PrEP and helping them stay on it. Grindr has a direct line to millions of gay men, and Freddie brings the medical expertise to turn that reach into care. Together, we can revolutionize access to HIV prevention, just as Grindr revolutionized how gay men meet, and accelerate progress toward ending the HIV epidemic.”
Dr. Husein Moloo, Co-founder and CEO of PurposeMed and Freddie
“We built Freddie to make HIV prevention simple and accessible for everyone who needs it. Today we estimate Freddie prevents a new HIV transmission across the US and Canada every day. No one reaches the Freddie community like Grindr does. Together we can bring that care to millions more people, inside the app they already use every day, and speed up the work of ending the HIV epidemic.”
Dr. Husein Moloo, Co-founder and CEO of PurposeMed and Freddie
“I'm incredibly proud of what our team has built, and we're excited for this next chapter as part of Grindr.”
Grindr to Acquire Freddie, Expanding Access to HIV Prevention for Millions of Users
Acquisition accelerates Grindr Health, bringing PrEP into the Grindr app at little to no cost to users
Get started
Create a free account to read the full story.