Medial secures $120K in pre-seed funding for its professional platform
- ByStartupStory | January 17, 2024
Medial, a professional social media platform, has successfully raised $120,000, or nearly Rs 1 crore, in a pre-seed funding round. FirstCheque VC led the funding, with participation from notable angel investors in Bengaluru, Mumbai, and the US, including Nayan Jadeja, Rohitashwa Choudhary, Ankit Aggarwal, and Radhakrishnan Ramachandran.
The startup, founded by Niket Raj Dwivedi, Aishwarya Raj Pandey, Prateek Kaien, and Harsh Dwivedi, aims to go beyond a typical social media platform. Medial operates as a content and community-driven hub, focusing on sectors such as tech, product, and UI/UX. It provides startup news, industry updates, and professional advice in a straightforward, non-clickbaity manner.
According to the company, the funds raised will be utilized for product development, user acquisition, and testing of core app features. The strategic allocation is expected to significantly enhance the platform’s offerings and user experience.
Medial distinguishes itself from platforms like LinkedIn and GitHub by offering both real identity and anonymous features. Currently nurturing a community of over 5,000 beta-stage users, the platform is gearing up for an official launch by the end of January 2024.
As per the company, “The raised capital will be used towards product development, user acquisition, and testing of core app features. This strategic allocation is expected to enhance the platform’s offerings and user experience significantly.”
The startup is poised for an official launch at the end of January 2024, having already garnered a community of over 5,000 beta-stage users.
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