Openvibe funding news – Social Network Mobile App Openvibe Secures $800k in Funding

They are currently witnessing an extremely dynamic development in social networking, according to Matěj Švancer, founder and CEO of Openvibe. “TikTok is facing existential difficulties in the United States; there has been a significant outflow of users following Elon Musk's purchase of X (formerly Twitter), politicians are increasing pressure on social platforms, and educated or young people are increasingly moving to alternative networks."

They are currently witnessing an extremely dynamic development in social networking, according to Matěj Švancer, founder and CEO of Openvibe.
“TikTok is facing existential difficulties in the United States; there has been a significant outflow of users following Elon Musk's purchase of X (formerly Twitter), politicians are increasing pressure on social platforms, and educated or young people are increasingly moving to alternative networks."

It is targeting users who are switching networks, offering easy access to new social platforms through one secure mobile app.

The investment round was led by Czech Founders VC, with contributions from Tensor Ventures and Jan Široký, former CTO of Mews. Automattic, the owner of Tumblr and WordPress.com, also took part in the round.

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Itt's solution builds on previous apps Tweetoshi and Plebstr. The new funds will help Openvibe speed up product development, grow its user base, and integrate with more social platforms while building its global brand.

Ivan Kristel, co-founder and General Partner at Czech Founders VC, and continues said, "At Czech Founders VC, we strongly believe in Openvibe's mission to bring users a more open and inclusive social media experience, By prioritising user control, encouraging genuine interactions, and avoiding the shortcomings of centralised platforms, Openvibe can redefine how people communicate. We believe now is the best time for a platform emphasising user freedom of choice and true community."

Jan Faflik of Tensor Ventures, who led the investment on behalf of the deep tech fund said, "Openvibe is simply a gamechanger that has understood the frustration of billions of users of traditional social networks around the world and offered them a modern space where they can breathe freely thanks to its debugged technology,".

Automattic's Jake McNamara Ackroyd of Corporate Development said:"We are excited to support Matěj and the Openvibe team in their efforts to bring a more open, inclusive, and innovative social media experience to users worldwide."

About Openvibe

Openvibe is a Czech startup that is creating a mobile app to connect social networks like Mastodon, Bluesky, Nostr, and Threads into one simple interface.