MeWe

One of the world’s largest privacy-first, decentralized social networks

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Categories
Technology, Retail, VC-Backed
Min Investment
$100
Location
Calabasas, CA
Expected Close Date
April 29, 2024
Target Raise
$250.00K-$5.00M
Security Price
$0.84
Website
mewe.com
Number of Employees
13
Cash
$7,811,299
Revenue
$2,559,272
Short Term Debt
$961,000
Cost of Goods
$412,421
Long Term Debt
$0
Net Income
$-9,180,710

Key Deal Facts

More than 20 million users worldwide across 200 countries & territories
1.2 million monthly active users; over 730,000 of which have been migrated to the blockchain
700,000+ active interest groups; 5,000+ new groups created monthly
Led by tech execs from Disney, Apple, Yahoo!, 21st Century Fox, Myspace, Warner Bros, & Samsung
$24M Series A led by McCourt Global closed in 2022
10 patents issued & 1 pending
Forbes, Axios, Fast Company features; 2024 SXSW Social Media Innovation Award finalist
Total amount raised includes $13.5M Series A Preferred Stock & $10.5M Common Stock closed '22 & '23

Management Team / Advisory Board Bios

VC-Backed
Raised $250K or more from a venture firm, $1M+ Revenue
Earned over the last 12 months, Repeat Founder
Founder has started a previous company funded with $2M+, Jeffrey Edell CEO & ChairmanDistinguished entrepreneur. Led 20+ M&A deals valued at over $1B+. Ex-Chairman of Myspace; President of DIC Entertainment; CEO of Soundelux which grew to $120M in revenue & 500 employees. 5 Oscars & 50 Emmys. NASDAQ/EY Entrepreneur of the Year 2000., Jonathan WolfeCo-Founder & CTOEarly social media pioneer. 2x founder. Launched SuperGroups.com. Ex-Head of Software at edtech platform Project ECHO. 9 patents. World-renowned expert in fractals & chaos theory. Johns Hopkins BA. University of Pennsylvania Neuroscience PhD., Michael HuntsmanVP of Marketing Marketing luminary. Early Apple exec. Worked directly with Steve Jobs on Apple store design & strategy. Launched iTunes Movie & TV Store, driving $20B in value. Built Samsung’s first mobile video app. Ex-Disney & Fox VP. San Francisco State BA., Julie HsuGeneral CounselLegal leader & consultant for pre-IPO firms. Ex-VP & Deputy General Counsel at Yahoo!, managing $10M/annum budget & $360M/quarter deals with Microsoft & Google. Ex-Counsel at Warner Bros. UCLA BA. USC JD., Mark LiuHead of ProductBlockchain expert & growth architect. Ex-President of MerchantWords big data platform, generating $5M ARR. Built TigerConnect, top healthcare comms platform. Led projects valued at $5M+ for ESPN, Ford, & Lionsgate. Florida State BS. Emory Sociology PhD., Samina MerchantCorporate ControllerTech finance ace. Led 3 IPOs. Built accounting teams for Myspace, Boingo Wireless, & TrueCar. 25+ years managing all financial statements, disclosures, & reports, including 10-Ks, 10-Qs, & XBRL filings. SOX compliance expert. Adelphi BA & MBA.
Amount Raised : $13,695,417
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