Social and community networking app Cliq raises seven-figure investment

· Source: Tech.eu - Tech.eu · Field: Technology & Digital — Software Development & Engineering, Entrepreneurship & Start-ups · Depth: Fundamental Awareness, quick

Summary

The UK-based social and community networking app Cliq, founded in 2023, has secured a "major seven-figure investment" to facilitate its global expansion. Designed as an alternative to traditional social media, Cliq connects users with like-minded individuals through interest-based communities, encouraging in-person meetings and real-life friendships. The app has accumulated over 100,000 users across key markets including the UK, US, Australia, and Bali, achieving this growth without any marketing expenditure. Co-founder Nicola Gunby stated the investment, sourced from VC Artesian, a family office, and angel investors, will accelerate Cliq's mission to foster real-life connections worldwide. This new funding follows a previous raise of over £500,000.

Key takeaway

For entrepreneurs considering new social platforms, Cliq's success demonstrates the viability of prioritizing in-person interaction and community building over traditional social media models. Your focus on fostering genuine connections can attract significant investment and user growth, even with minimal marketing spend. Consider how your platform can facilitate real-world engagement to differentiate itself in a crowded market.

Key insights

Cliq secured a seven-figure investment to scale its in-person social networking app globally.

Principles

In practice

Topics

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Editorial summary, takeaway, and curation by AIssential. Original article published by Tech.eu - Tech.eu.