Friended

North East, USA

60% Raised

Short Summary

Friended is an app that connects people instantly for a fun one-on-one messaging experience. The management team exited their previous startup in the same sector.

Highlights

  • Management exited their previous tech startup in the same segment
  • Previously founded an app with the 2nd highest engagement times on mobile
  • 7.5% of users are converting to a paid subscription at $2.99 per week
  • Advisor: Jonah Goodhart (CEO of Moat which exited to Oracle for $850MM)
  • Advisor: Karl Jacob (1st formal Facebook advisor with $500MM in exits)
Please note: Investing in early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. This platform is targeted solely at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. This information has not been approved as a financial promotion, and you must carry out your own due diligence.

Overview

Target
US$500,000
Minimum
US$25,000
Investment Raised
US$300,000
Previous Rounds N/A
Stage Achieving Sales
Investor Role Silent
AIN

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