SocialMedia.com
Date | Investors | Amount | Round |
---|---|---|---|
$3.5m | Series A | ||
$6.0m | Series B | ||
N/A | Acquisition | ||
Total Funding | €8.6m |
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EditSocialMedia.com is a dynamic startup that operates as an online platform connecting users with local businesses, live events, and travel destinations. The company aims to enhance the way people experience their cities and surroundings by offering real-time mobile commerce solutions. This means users can discover and purchase deals on various activities and services directly from their smartphones, making it convenient and immediate.
The primary clients of SocialMedia.com are local businesses looking to attract more customers and individuals seeking new and exciting experiences. The platform serves a broad market that includes restaurants, entertainment venues, travel agencies, and other service providers. By partnering with these businesses, SocialMedia.com helps them grow and build stronger relationships with their customers.
SocialMedia.com's business model revolves around facilitating transactions between local merchants and consumers. The company makes money by taking a commission on each deal sold through its platform. This commission-based model ensures that SocialMedia.com benefits directly from the success of its merchant partners. Additionally, the platform may generate revenue through advertising and premium listing services, where businesses pay for better visibility and promotion.
The company boasts impressive metrics, with 42 million active customers worldwide and partnerships with over 1 million merchants. It has sold more than 1.5 billion deals to date, highlighting its significant impact on local commerce. Notably, 80% of user traffic comes from mobile devices, underscoring the importance of its mobile-first approach.
In summary, SocialMedia.com is a robust experiences marketplace that leverages mobile technology to connect users with local businesses and activities, driving growth for merchants and enriching the lives of consumers.
Keywords: experiences marketplace, mobile commerce, local businesses, live events, travel destinations, customer growth, merchant partnerships, commission-based model, mobile-first, user engagement.