“Sleek’s $5 Million Seed Funding Propels Valuation to $50 Million”
Sleek, a social network platform, has secured $5 million in seed funding, raising the company’s valuation to $50 million. This investment round demonstrates confidence from prominent industry players, including Binance Labs, Shima Capital, Spartan Group, Symbolic Capital, Market Across, and Big Brain Holdings. Originally launched as ChapterX, a no-code metaverse platform, Sleek has strategically transitioned to social networking. Co-founder Tania Tse explained that this shift was driven by the realization that the metaverse was not yet ready for widespread adoption.
“Sleek’s Innovative Approach to Social Networking”
Sleek is redefining social interactions in the digital age by offering a unique blend of physical cards and a Telegram bot to streamline how people connect and remember each other. The platform has garnered over 20,000 verified users through organic growth and word-of-mouth, focusing on real-world utility and community building instead of financial incentives.
Furthermore, Sleek has sold approximately 15,000 cards, facilitating over 300,000 connections. These cards, available in prism and premium varieties, are sold on the company’s website for around $30 and $35, respectively.
“Future-Forward Knowledge Marketplace”
Sleek is actively developing a knowledge marketplace that will enable experts to tokenize their knowledge and monetize their expertise. The platform supports multiple chains, including Ethereum, Polygon, Solana, and BNB Chain, with a default wallet created for users on Solana. The company plans to expand its team and launch the knowledge marketplace in the first half of the following year, paving the way for innovation in the web3 social networking space.
“Hot Take: Exciting Developments for Sleek”
With its recent funding achievement and plans for expansion and innovation, Sleek is poised to make significant strides in the web3 social networking landscape. Keep an eye on this platform as it continues to redefine social interactions and pave the way for the future of digital networking.
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