About Social Project
Social Project is a company based in Santa Monica (United States) founded in 2005 was acquired by GROU.PS in October 2010.. Social Project has raised $47.5 million across 2 funding rounds from investors including Paramount, GROU.PS and DFJ. Social Project operates in a competitive market with competitors including Ning, Blocksport, Sending.Me, Skylab and Clinked, among others.
- Headquarter Santa Monica, United States
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Funding Insights of Social Project
Social Project has successfully raised a total of $47.5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in December 2006. 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 2
- Last Round Series B — $40.0M
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First Round
First Round
(01 Mar 2006)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2006 | Amount | Series B - Social Project | Valuation |
investors |
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| Mar, 2006 | Amount | Series A - Social Project | Valuation |
investors |
| 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 Social Project
Social Project has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Paramount, GROU.PS and DFJ. 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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US focused VC firm
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Founded Year | Domain | Location | |
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Multiple TV brands are managed as a network by ViacomCBS.
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Founded Year | Domain | Location | |
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Private social networks are created via a white label platform.
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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 Social Project
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - Social Project
| 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 |
Social Project Comparisons
Competitors of Social Project
Social Project 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 Ning, Blocksport, Sending.Me, Skylab and Clinked, 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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Custom social communities are built using Ning's SaaS platform.
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| domain | founded_year | HQ Location |
White label social platforms are offered to sports clubs.
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| domain | founded_year | HQ Location |
Community platforms are created via an open-source white-label solution.
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| domain | founded_year | HQ Location |
White label community platforms are provided for brands and organizations.
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| domain | founded_year | HQ Location |
White label client portal & collaboration tool
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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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Frequently Asked Questions about Social Project
When was Social Project founded?
Social Project was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Where is Social Project located?
Social Project is headquartered in Santa Monica, United States. It is registered at Santa Monica, California, United States.
Is Social Project a funded company?
Social Project is a funded company, having raised a total of $47.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $7.5M, raised on Mar 01, 2006.
What does Social Project do?
Social Project was founded in 2005 in Santa Monica, United States, as a social networking platform formerly known as Tagworld. Operations focus on users below 18 years old, where customized profile pages with multimedia content are created. Widgets compatible with any website are supplied to enhance functionality across digital spaces. The sector emphasizes youth-oriented online interaction and personalization tools.
Who are the top competitors of Social Project?
Social Project's top competitors include Blocksport, Skylab and Mesensei.