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Stealth startup Favs raises ~$1M for its close-friends-only social network

TechCrunch

Over the years, social media has moved further and further away from its original value proposition of being a network where you could keep up with close friends and family in a private space. A new social network, Favs, emerging from […]

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Summer International uses social media data to launch new beauty brands

TechCrunch

If you follow #beautytok, #beautytube or any beauty content on social media platforms, you know that popular product trends are hard to keep up with. We have our own supply chain and we have the power to distribute brands across Asia via our social commerce and live distribution platforms.

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Jagat, a location-based social network that focuses on real-life connections, surpasses 10M users

TechCrunch

Jagat, a social network that is designed to get you out more with your friends instead of mindlessly scrolling on your phone, has surpassed 10 million users globally. The location-based social network, which launched earlier this year in March, wants to help people focus on real-life connections and make friends.

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Capsule gets $1.5M to build ‘super simple’ decentralized social media

TechCrunch

” Cryptocat author gets insanely fast backing to build P2P tech for social media. Given the intent with TIC is to hosts all sorts of decentralized apps it’s possible — indeed, likely — that a bunch of decentralized social media plays will emerge. gallery ids="2122777,2122775,2122776"].

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Primitives wants to turn your crypto wallet into a social network

TechCrunch

DJ Gabeau, one of Snapchat Stories’ earliest engineers and founder of web3 social network Primitives , told TechCrunch that he thinks NFTs can be a genuinely enjoyable way for people to connect with one another digitally and make memories. Users don’t have to go through multiple steps to claim the assets, he added.

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Chefclub raises $17 million to expand its food media brand beyond social networks

TechCrunch

Chefclub has been building a major media brand on social media platforms. It has attracted a huge audience that doesn’t look bad next to well-funded media brands Tastemade and Tasty. SEB Alliance, the venture arm of kitchen appliance maker Groupe SEB, Korelya Capital and Algaé Ventures are also participating.

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Indian social network Public App raises $41 million

TechCrunch

Public App, a location-based social network that connects individuals to people in their vicinity, has raised $41 million in a new round, just six months after securing $35 million as the hyper-local Indian startup looks to expand its presence in the world’s second-largest internet market.

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