According to an official release, Medial App, a social media platform purpose-built for the start-up ecosystem, raised $120,000 in a pre-seed funding round. The round was led by FirstCheque VC. It is believed that angel investors including Nayan Jadeja, Rohitashwa Choudhary, Ankit Aggarwal, and Radhakrishnan Ramachandran, among others, were there.
“We plan to provide our users the experience that has been missing from some social media platforms and bridge the gap that younger folks might feel on these company-centric, influence-catering traditional networks,” Niket Raj Dwivedi, founder and CEO, Medial App, explained.
Sources revealed that Medial App plans to upgrade the professional social networking landscape by providing professionals with learning and growth in the start-up ecosystem.
Medial App is expected to use the raised capital to fuel product development, user acquisition, and testing of core applications features. With initial beta application metrics showing D30 retention and stickiness, they might feature enhancement and the product’s official launch.
