July 11, 2024
SocialFi Platform RECRD revealed that it has secured an investment of $4 million through two separate funding rounds. This financial injection comes on the heels of a prosperous beta phase, during which the platform welcomed over 2,000 creators and drew close to half a million users. The funding rounds witnessed the involvement of prominent individuals from the crypto and entertainment sectors, demonstrating robust faith in RECRD's groundbreaking strategy.
Project | Latest Raise | Latest Raise Date | Lead Investor | Category |
|---|---|---|---|---|
RECRD | $4M | July 11, 2024 | Sui Foundation | Social |
The Sui Foundation spearheaded the post-seed funding round for RECRD, with significant input from Mitch Lowe, a co-founding executive of Netflix, Mitch Richmond, a six-time NBA All-Star, Jeffery Shoonover of Hollywood.com, Alphabit Fund, and DNA Fund.
About RECRD
RECRD is a unique video community platform. It provides a space where users can engage with content through video responses. One of the key features of RECRD is that it allows creators to monetize their content immediately through ad revenues. This not only benefits the creators but also provides advertisers with a risk-free opportunity to connect with their audience.
Website: https://www.recrd.com/
X Followers today: 934
About Investor
Investor: Sui Foundation
The Sui Foundation is an independent organization dedicated to the advancement and adoption of the Sui blockchain. Its mission is to onboard the next billion users to web3 by advancing the global adoption of the Sui blockchain. The foundation operates on three principles: transparency to ensure fairness, open communication to build trust, and direct engagement to foster participation.
The Sui Foundation marshals financial and personnel resources to fulfill its mission, which includes educating, activating, funding, and promoting builders and creators working on Sui-based projects. It administers a few key programs including the Developer Grant Program, the Delegation Program, and the Ambassador Program.
The foundation is committed to serving the Sui community and ensuring that all members have equal access to its programs and are subject to the same rules. It promotes community participation in its operations and governance projects. If you’re interested in advancing the adoption of Sui, you can apply to work on their 100% remote, global team.
Location: San Francisco, CA
Website: https://sui.io/
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