Professional social media platform Medial raises $120K led by FirstCheque VC, angels

Medial, a professional social media platform, has secured $120,000 or nearly Rs 1 crore in a pre-seed funding round led by FirstCheque VC, with participation from a host of angel investors from various global locations.

Who are the investors?

Besides FirstCheque VC, the round included participation from notable angel investors from Bengaluru, Mumbai, and the US, including Nayan Jadeja, Rohitashwa Choudhary, Ankit Aggarwal, and Radhakrishnan Ramachandran, among others.

What does Medial do?

Founded by Niket Raj Dwivedi, Aishwarya Raj Pandey, Prateek Kaien, and Harsh Dwivedi, Medial aims to be more than just a social media platform. The startup operates as a content and community-driven hub, focusing on sectors like tech, product, and UI/UX.

The startup claims that its platform is designed to offer startup news, industry updates, and professional advice in a straightforward, non-clickbaity manner.

What is the purpose of fundraising?

As per the company's statement, the raised capital would be used towards product development, user acquisition, and testing of core app features. The strategic allocation is expected to enhance the platform's offerings and user experience significantly, it said.

How is it different from LinkedIn and GitHub?

Medial distinguishes itself by offering both real identity and anonymous features, similar to platforms like LinkedIn and Github. It's currently nurturing a community of over 5,000 beta-stage users and is gearing up for an official launch by the end of January 2024.

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