Rapchat, a Columbus, OH—based mobile app for rap enthusiasts to create, collaborate, and connect with stars, secured $1.6m in seed financing.
Backers included Rev1 Ventures, Base Ventures, M25 Group, TechNexus, OTAF and 500 Startups. In addition to the investment, Rapchat has added former musical.ly North America President Alex Hofmann to its board.
The company intends to use the funds to continue to expand operations.
Co-founded by Seth Miller, CEO, and Pat Gibson, CMO, Rapchat provides a platform to create, collaborate, and connect with seasoned and aspiring stars combining a mobile recording studio with a social network. The platform has over 70,000 raps recorded every day that have garnered over 100M listens to date.
FinSMEs
08/05/2018