The idea is similar to Match Alarm (backed by Cyber Agent Ventures), which recommends a new person every morning at 8am.

Name: Coffee Meets Bagel Quick Pitch: Coffee Meets Bagel provides you one match each day and takes the hassel out of searching.

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"Our model is unique in that the match is exclusive to one another," she said.

"So if you are matched with Ed, let's say, you see his profile for 24 hours while Ed sees your profile for 24 hours.

Money was raised from local investors and the Guam Economic Development Authority and Crown International agreed to distribute.

The Korean dating app ‘Noon Date’, which has over 700,000 downloads in its home country thus far, is now launching in the Japanese market through a partnership with Tokyo-based Waku .

Genius Idea: Rather than make users sift through dozens of potential matches, Coffee Meets Bagel sends them one match each day to either accept or pass on.

Online dating site Coffee Meets Bagel attempts to take the work out of Internet dating, while letting its users have some fun.

"And everything happens very fast—you basically find out if you connect with the person within 24 hours.

A lot of our users tell us how much they look forward to noon time to get their 'bagels,'" she adds.

One study says online dating is the second most common place to meet singles, second to meeting through a mutual friend.