MeWe, a Los Angeles, CA-based provider of a privacy-first social media network, raised initial $6M in Series B funding.
The round was led by McCourt Global.
The company intends to use the funds to accelerate its growth and open doors for further innovation, including the further development of new technologies such as AI integration, the launch of new Web3 product features, strategic user acquisition through targeted marketing efforts, and the rollout of a native token to enhance user growth, platform engagement and platform utility.
Led by CEO Jeffrey Edell, MeWe offers a social network with over 20 million users and 700,000+ interest groups worldwide. It has a focus on user empowerment, offering a range of features that allow users to create groups, interact and control the flow of their data. It is an ad-free platform with no targeting, news feed manipulation, or amplification of misinformation. Available on iOS, Android, and desktop in over 20 languages across 200+ countries, it prioritizes user control and privacy. The social network now has over 1.1 million users on-chain via the Frequency Layer 1 blockchain.
FinSMEs
09/10/2024