IRL: Raises $170M in Series C Funding; Valued at $1.17 Billion

IRL Raises $170M in Series C Funding; Valued at $1.17 Billion

  • IRL, a San Francisco, CA-based group messaging social network, raised $170M in Series C funding
  • The round, which brought company’s total funding to more than $200M to-date, was led by SoftBank Vision Fund 2
  • The company intends to use the funds to continue to grow its team and expand its user base internationally
  • The company is a group messaging social network that brings people together through events and shared experiences
  • Since launching in 2019, the network now coordinates two million events per day
  • Users have spent over 300 million hours together through the app and clocked more than one billion messages sent
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

UK Authorities Tighten Regulations on P2P Crypto Trading

New measures aim to enhance security for crypto traders in the peer-to-peer market.Highlights: UK authorities introduce new regulations...

Citi Wealth Strengthens Services with New AI-Powered Team Member

Citi Wealth Management introduces advanced AI technology for enhanced client experience.Highlights: Citi Wealth Management has launched a new...

Coinbase Lists First GBP Stablecoin, Expanding Market Options

The new stablecoin aims to enhance trading in the UK market.Highlights: Coinbase has launched the first GBP stablecoin.This...

Former Royal Mint Executives Secure Backing for Precious Metals Trading Platform

New platform aims to modernize precious metals trading for investors.Highlights: Former Royal Mint executives launch a new trading...