About MeWe
MeWe is a company based in Los Angeles (United States) founded in 2011.. MeWe has raised $54.69 million across 10 funding rounds from investors including McCourt Global, McCourt and Mark Britto. MeWe operates in a competitive market with competitors including Facebook, Rumble, VK, Tagged and Wildr, among others.
- Headquarter Los Angeles, United States
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sgrouples, Inc. Dba Mewe
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$54.69 M (USD)
in 10 rounds
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Latest Funding Round
$6 M (USD), Series B
Oct 09, 2024
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Investors
McCourt Global
& 6 more
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Employee Count
Employee Count
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Funding Insights of MeWe
MeWe has successfully raised a total of $54.69M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $6 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series B — $6.0M
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First Round
First Round
(16 Dec 2011)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series B - MeWe | Valuation | McCourt Global |
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| Sep, 2022 | Amount | Series A - MeWe | Valuation | McCourt |
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| Jul, 2019 | Amount | Angel Round - MeWe | Valuation | Mark Britto |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MeWe
MeWe has secured backing from 7 investors, including institutional and angel investors. Prominent investors backing the company include McCourt Global, McCourt and Mark Britto. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Invests in real estate, infrastructure, sports, and technology for community and social good.
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Founded Year | Domain | Location | |
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Private family company developing real estate, infrastructure, sports, and technology globally.
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Founded Year | Domain | Location | |
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MB
Mark Britto |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MeWe
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MeWe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mewe Comparisons
Competitors of MeWe
MeWe operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Facebook, Rumble, VK, Tagged and Wildr, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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Photos and videos are shared via an app-based social platform.
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Mobile/web social discovery website
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Friends are connected via an AI-powered social platform.
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Limited information is provided about Slick's operations.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mewe
Frequently Asked Questions about MeWe
When was MeWe founded?
MeWe was founded in 2011.
Where is MeWe located?
MeWe is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of MeWe?
Jeffrey Edell is the current CEO of MeWe.
Is MeWe a funded company?
MeWe is a funded company, having raised a total of $54.69M across 10 funding rounds to date. The company's 1st funding round was a Angel Round of $4.5M, raised on Dec 16, 2011.
What does MeWe do?
MeWe was founded in 2011 in Los Angeles, United States, within the social media sector. Users are enabled to connect with friends, family, and interest groups through the platform. Secure sharing is provided, with options for controlling content visibility. Pictures and stories are posted, while feeds and profiles are maintained. The application is accessible on Android and iOS devices. Revenue is generated via in-app purchases.
Who are MeWe's investors?
MeWe has 7 investors. Key investors include McCourt Global, McCourt, Mark Britto, Lynda Weinman, and Marci Shimoff.
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