Messaging social network IRL hits unicorn status with SoftBank-led $170M Series C
https://techcrunch.com/2021/06/15/messaging-social-network-irl-hits-unicorn-status-with-softbank-led-170m-series-c/
Social calendar app IRL has been busy building a messaging-based social network, or what founder and CEO Abraham Shafi calls a “WeChat of the West.” Following its pandemic-fueled growth and further push into the social networking space with group chat and other features, IRL is today announcing a sizable $170 million Series C growth round, led by SoftBank’s Vision Fund 2. The fundraise also mints IRL as a new unicorn with a $1.17 billion valuation.
Besides SoftBank, new investor Dragoneer also participated in the oversubscribed round, alongside returning investors Goodwater Capital, Founders Fund and Floodgate. To date, IRL has raised over $200 million.