October 09, 2024
MeWe, a leading privacy-focused social media network, announced the launch of a growth agenda aimed at accelerating its efforts to introduce Web3 to its over 20 million users. The Series B funding round, led by McCourt Global, will boost MeWe’s growth and foster innovation, including the development of new technologies like AI integration, the introduction of new Web3 features, targeted marketing for user acquisition, and the launch of a native token to enhance user growth, engagement, and platform utility.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
---|---|---|---|---|---|
MeWe | $6M | October 09, 2024 | Series B | McCourt Global | Social |
Jeffrey Edell, Chairman and CEO of MeWe, expressed excitement about accelerating their journey to bring Web3 technologies to more users and expanding their community. The Series B round and the successful migration to the Frequency blockchain will help MeWe advance this transition and bring the benefits of an open, decentralized web to its users in innovative ways. Edell also looks forward to attracting more forward-thinking investors as they continue to shape the future of the web.
About MeWe
MeWe is a social media platform that focuses on privacy and user control. Unlike many other social networks, MeWe does not have ads or spyware, ensuring a more secure and private experience for its users. It offers features like other social networks, such as posts, groups, and messaging, but with a strong emphasis on protecting user data. MeWe aims to provide a safe and enjoyable space for people to connect and share without the intrusion of targeted ads or data tracking.
Website: https://mewe.com/register
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About Investor
Investor: McCourt Global
McCourt Global is a private family company that focuses on building for the future through its work in real estate, sports and media, technology, capital investment, and social impact. Founded by Frank McCourt, the company has a long history of developing infrastructure and creating community value. McCourt Global aims to combine financial success with positive social impact, continuing the McCourt family’s legacy of contributing to society through innovative projects and investments.
Location: New York, New York
Website: https://www.mccourt.com/
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