WeGoWhere Founder Ty Lertwichaiworawit
Singapore-based social networking platform WeGoWhere has secured US$1.2 million in a seed funding round led by 500 Global.
Goodwater Capital, Wing Vasiksiri, Monk’s Hill Ventures Co-Founder and Managing Partner Peng T. Ong, and existing investor Antler also joined.
The new funding will help WeGoWhere drive product innovation, enhance user experience, and expand into new markets across Southeast Asia.
Founded in 2020 by Ty Lertwichaiworawit and Mint Leung, WeGoWhere helps people build, manage and nurture in-person relationships. It helps users find out what friends are planning ahead of time, discover nearby and trending meetups curated to their interests, and allow them to organise in-person gatherings.
WeGoWhere has a community of over 300,000 users in Thailand.
Also Read: Being prudent in spending should be at the heart of every management conversation: Aerodyne CEO
Social media platforms like Instagram, Facebook, and TikTok were designed based on a past-tense paradigm: users capture photos and videos to share with their network during or after the event. This leads to a missed opportunity for friends in their online community to connect with them in person on these occasions.
WeGoWhere believes that a more satisfying and meaningful way to nurture human relationships is to connect through real-life shared experiences rather than tagging social media posts or passively watching reels. The app is an intuitive social platform that helps people share their plans in advance with friends and makes it easy for friends to join.
The WeGoWhere app also streamlines the logistics of organising meetups that would have taken multiple apps to complete, from deciding on a common date/time, discovering an activity, splitting the bill, and sharing high-resolution photos and videos.
Its users spend, on average, 28 minutes a day on the app (in comparison to Meta’s apps, the average daily time spent on Facebook is 33 minutes, Instagram is 29 minutes, and WhatsApp is 28 minutes.) It also claims to have 79 per cent retention rate by day 30 and 9X growth in monthly active users in the last 12 months.
—
Echelon Asia Summit 2023 brings together APAC’s leading startups, corporates, policymakers, industry leaders, and investors to Singapore this June 14-15. Learn more and get tickets here.
The post Social networking platform WeGoWhere bags US$1.2M seed funding led by 500 Global appeared first on e27.