Company Name : Affimity
Funding Amount : $1.2mn
Investor(s) Silicon Valley Investors .
Funding Round : Angel round
Bengaluru and San Francisco based social networking startup, Affimity announced that it has raised $1.2Min angel funding from Silicon Valley Angel Investors and Founders.The company will use the raised funds to further expand their services in India and other countries and strengthen its team to compliment their capabilities.
Affimity is the next step of evolution for social networking which provides a platform for like-minded people to meet and engage with. With its channel-specific approach, the platform acts as an alternate social media platform for users to focus on their passions and specific interests, filtering out the background noise and only displays posts that are relevant to the users’ interest.This gives Affimity users a chance to connect with individuals sharing their interests and serves as its USP.
Since its inception in 2014, the startup currently has 35+ channels on its platform with very good organic growth. The Android and iOS apps have had hundreds of thousands of downloads and has received excellent reviews owing to its unique brand proposition. The company aims to reach a target of 10 million global user base by December 2016, with India contributing to about 40%of that user base.