POSH, the app designed to enhance social experiences, has successfully raised $22 million in a Series A funding round.
This milestone was achieved with investments from Goodwater Capital, FirstMark Capital, Companyon Ventures, and Epic Ventures, alongside existing investor Day One Ventures.
Pioneering Real-Life Social Experiences
Founded by Avante Price and Eli Taylor-Lemire, POSH has already made strides, amassing over 2 million users and facilitating more than $95 million in ticket sales.
The app has seen a 1400% year-over-year increase in matching attendees to relevant events, showcasing its growing influence in the social networking landscape.
Price and Taylor-Lemire, both rooted in the events and entertainment industry, have used their experience to address the gaps they observed firsthand.
Their personal journeys in the nightlife and entertainment sectors have equipped them with unique insights into the needs of event organizers and attendees alike.
“Posh is a platform where who’s going is what matters most. If you are going to a 500 people event where you know five to ten people, you want to hang out with them but also want to spend time with people that are similar,” Price said according to TechCrunch.
Read: Black Duo Bags $5M To Take On The Likes Of Ticketmaster With POSH
Democratizing Event Creation
POSH aims to make event creation as accessible as TikTok has made video content creation.
The app empowers anyone to host events, from intimate dinners to large-scale parties, also allowing genuine connections among attendees.
By offering hyper-personalized event suggestions based on user interests and friends’ attendance, POSH helps users discover new experiences and expand their social networks.
Addressing a critical issue with traditional social media, which often leads to increased feelings of loneliness and anxiety, POSH focuses on facilitating real-life interactions.
This approach resonates particularly with Gen Z, the most digitally connected yet socially isolated generation.
Feature Image Credit: POSH
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