32 Best Social Network Startups to Watch in [2023]

Have you ever wondered who is on the list of Social Network Companies with the highest growth rates?

You’re not alone.

There are hundreds of Social Network Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 32 fast-growing Social Network Startups that have top-tier venture capital funding.

What is Social Network Startups?

Social Network Startups are companies that create online platforms for users to connect and share content. These platforms are typically used to connect people with similar interests and can be used for both professional and personal purposes. 

Examples of popular social network startups include Facebook, Instagram, and Twitter.

Top 32 Fastest-Growing Startups In Social Network

1) Reddit

Reddit is a social media network that allows users to share links, produce content, and participate in discussions about topics that interest them.

Details of the startup:

• Country: United States
• City: San Francisco
• Started in: 2005
• Founders: Alexis Ohanian, Steve Huffman
• Number of employees: 501-1000
• Funding amount: $919,049,748
• Number of funding rounds: 8
• Number of investors: 28

You can find their website here.

2) IRL

Social Messaging happens in real life! Join groups that interest you, and communicate with your pals! Your social life is boosted with IRL.

Details of the startup:

• Country: United States
• City: San Francisco
• Started in: 2017
• Founders: Abraham Shafi, Henry Khachatryan, Krutal Desai, Scott Banister
• Number of employees: 11-50
• Funding amount: $197,000,000
• Number of funding rounds: 4
• Number of investors: 12

You can find their website here.‍

3) Triller

Triller is an AI-powered music video tool that makes it simple for anyone to create professional-looking videos.

Details of the startup:

• Country: United States
• City: New York
• Started in: 2015
• Founders: David Leiberman, Sammy Rubin
• Number of employees: 11-50
• Funding amount: $33,000,000
• Number of funding rounds: 2
• Number of investors: 7

You can find their website here.

4) Strava

Strava is an online platform that allows runners and cyclists to track their activities, compare their results, and compete with their peers.

Details of the startup:

• Country: United States
• City: San Francisco
• Started in: 2009
• Founders: Mark Gainey, Mark Shaw, Michael Horvath, Yandong Liu
• Number of employees: 251-500
• Funding amount: $151,850,000
• Number of funding rounds: 7
• Number of investors: 7

You can find their website here.‍

5) Career Karma

Career Karma is a website that assists people in finding career counseling and employment training to help them manage their careers.

Details of the startup:

• Country: United States
• City: San Francisco
• Started in: 2018
• Founders: Artur Meyster, Ruben Harris, Timur Meyster
• Number of employees: 51-100
• Funding amount: $11,937,500
• Number of funding rounds: 3
• Number of investors: 38

You can find their website here.

6) Dispo

Dispo is a social network for digital disposable cameras.

Details of the startup:

• Country: United States
• City: Los Angeles
• Started in: 2020
• Founders: Daniel Liss, David Dobrik, Natalie Mariduena
• Number of employees: 11-50
• Funding amount: $24,000,000
• Number of funding rounds: 2
• Number of investors: 18

You can find their website here.

7) Minds

Minds is a cryptocurrency social network and private messaging software that pays members in cryptocurrency for their online services.

Details of the startup:

• Country: United States
• City: Wilton
• Started in: 2011
• Founders: Bill Ottman, Ian Crossland, Jack Ottman, John B. Ottman, Mark Harding
• Number of employees: 11-50
• Funding amount: $17,381,300
• Number of funding rounds: 5
• Number of investors: 2

You can find their website here.

8) Brainly

Students and parents may obtain homework and study help from peers and professionals on Brainly, an online learning platform.

Details of the startup:

• Country: Poland
• City: Kraków
• Started in: 2009
• Founders: Lukasz Haluch, Michał Borkowski, Tomasz Kraus
• Number of employees: 251-500
• Funding amount: $148,500,000
• Number of funding rounds: 6
• Number of investors: 8

You can find their website here.

9) Grindr

Grindr is a location-based social network for gay, bisexual, transgender, queer, and other LGBT persons.

Details of the startup:

• Country: United States
• City: West Hollywood
• Started in: 2008
• Founders: Joel Simkhai, Scott Lewallen
• Number of employees: 51-100
• Funding amount: $93,000,000
• Number of funding rounds: 1

You can find their website here.

10) Trell

Trell is a lifestyle social commerce website that allows users to submit 3-minute videos demonstrating their passions.

Details of the startup:

• Country: India
• City: Bengaluru
• Started in: 2016
• Founders: Arun Lodhi, Bimal Kartheek Rebba, Prashant Sachan, Pulkit Agrawal
• Number of employees: 101-250
• Funding amount: $16,950,000
• Number of funding rounds: 7
• Number of investors: 31

You can find their website here.

11) LumApps

LumApps is a social, mobile, and intelligent intranet that connects and engages all employees in an one location.

Details of the startup:

• Country: France
• City: Paris
• Started in: 2012
• Founders: Elie Melois, Lionel Grivel, Olivier Chanoux, Sebastien Ricard
• Number of employees: 101-250
• Funding amount: $102,000,000
• Number of funding rounds: 3
• Number of investors: 5

You can find their website here.

12) Hike

Hike is a company that creates and develops mobile messaging apps.

Details of the startup:

• Country: India
• City: New Delhi
• Started in: 2012
• Founders: Kavin Bharti Mittal
• Number of employees: 251-500
• Funding amount: $261,000,000
• Number of funding rounds: 5
• Number of investors: 10

You can find their website here.

13) Hmlet

Hmlet is a co-living organization that provides young working people with rooms and entire apartments.

Details of the startup:

• Country: Singapore
• City: Singapore
• Started in: 2016
• Founders: Yoan Kamalski, Zenos Schmickrath
• Number of employees: 11-50
• Funding amount: $48,000,000
• Number of funding rounds: 3
• Number of investors: 7

You can find their website here.

14) Yubo

Yubo is a social media site where Generation Z connects with peers all around the world.

Details of the startup:

• Country: France
• City: Paris
• Started in: 2015
• Founders: Arthur Patora, Jérémie Aouate, Sacha Lazimi
• Number of employees: 11-50
• Funding amount: $65,700,000
• Number of funding rounds: 5
• Number of investors: 11

You can find their website here.

15) Torum

Torum is the world’s first DeFi + NFT social networking platform for cryptocurrency users all over the world.

Details of the startup:

• Country: Malaysia
• City: Kampar
• Started in: 2018
• Founders: Ah Go, Alwin Chang, Jayson Tan
• Number of employees: 11-50
• Funding amount: $2,571,250
• Number of funding rounds: 4
• Number of investors: 13

You can find their website here.‍

16) Poliglota

Poliglota is a social language education startup that brings together teachers and students in coffee shops all around the world.

Details of the startup:

• Country: Chile
• City: Santiago
• Started in: 2011
• Founders: Carlos Aravena, José Sánchez, Nicolás Fuenzalida
• Number of employees: 51-100
• Funding amount: $2,871,098
• Number of funding rounds: 6
• Number of investors: 14

You can find their website here.

17) ShareChat

ShareChat is a platform for social networking and regional content.

Details of the startup:

• Country: India
• City: Bengaluru
• Started in: 2015
• Founders: Ankush Sachdeva, Bhanu Pratap Singh, Farid Ahsan
• Number of employees: 501-1000
• Funding amount: $824,830,000
• Number of funding rounds: 10
• Number of investors: 17

You can find their website here.

18) Travello app

Travello is a travel social network that is used in over 180 countries.

Details of the startup:

• Country: Australia
• City: Brisbane
• Started in: 2014
• Founders: Mark Cantoni, Ryan Hanly
• Number of employees: 1-10
• Funding amount: $9,972,317
• Number of funding rounds: 6
• Number of investors: 5

You can find their website here.

19) Mask Network

The Mask Network serves as a gateway to the New, Open Internet.

Details of the startup:

• Country: China
• City: Shanghai
• Started in: 2017
• Founders: Suji Yan
• Number of employees: 11-50
• Funding amount: $49,150,000
• Number of funding rounds: 8
• Number of investors: 15

You can find their website here.

20) Fishbrain

Today and tomorrow, Fishbrain helps people catch more and bigger fish and become better fishermen.

Details of the startup:

• Country: Sweden
• City: Stockholm
• Started in: 2010
• Founders: Jens Lindman, Johan Attby
• Number of employees: 11-50
• Funding amount: $58,750,000
• Number of funding rounds: 6
• Number of investors: 20

You can find their website here.

21) Rooter

Rooter is a sports community app that aims to connect and customise sports content across sports and gaming for its users.

Details of the startup:

• Country: India
• City: New Delhi
• Started in: 2016
• Founders: Akshat Goel, Dipesh Agarwal, Piyush Kumar
• Number of employees: 11-50
• Funding amount: $2,700,000
• Number of funding rounds: 4
• Number of investors: 16

You can find their website here.

22) Hyperconnect

Hyperconnect is a video and AI-powered social platform firm with a global presence.

Details of the startup:

• Country: South Korea
• City: Seoul
• Started in: 2014
• Founders: Eddie Yong, Kenneth Jung, Samuel Ahn
• Number of employees: 251-500
• Funding amount: $10,600,000
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

23) Soul

SOUL is a social network that employs artificial intelligence to assist users in finding their soul mates.

Details of the startup:

• Country: China
• City: Shanghai
• Started in: 2016
• Founders: Lu Zhang
• Number of employees: 51-100
• Funding amount: $60,000,000
• Number of funding rounds: 4
• Number of investors: 4

You can find their website here.

24) Karrot Market

Karrot is a secondhand marketplace app for hyperlocal communities.

Details of the startup:

• Country: South Korea
• City: Seoul
• Started in: 2015
• Founders: Changhun Jeong, Jae-hyun Kim, Yong-hyun Kim
• Number of employees: 101-250
• Funding amount: $40,430,952
• Number of funding rounds: 3
• Number of investors: 6

You can find their website here.

25) SHEROES

Sheroes.com and the SHEROES app provide access to the world’s largest women-only social community. Built on the foundational concepts of security, trust, and empathy

Details of the startup:

• Country: India
• City: Delhi
• Started in: 2013
• Founders: Sairee Chahal, Satyadeep Karnati, Siddhartha Ahluwalia, Sowrabh NRS
• Number of employees: 101-250
• Funding amount: $2,571,942
• Number of funding rounds: 3
• Number of investors: 9

You can find their website here.

26) TextNow

We believe that communication is a right that everyone has. We work hard to ensure that people have access to free phone service.

Details of the startup:

• Country: Canada
• City: Waterloo
• Started in: 2009
• Founders: Derek Ting, Gary Fung, Jon Lerner
• Number of employees: 101-250
• Funding amount: $1,000,000
• Number of funding rounds: 1
• Number of investors: 4

You can find their website here.

27) Mico

Mico is a mobile social networking program that allows users to chat, make video calls, and live stream.

Details of the startup:

• Country: China
• City: Haidian
• Started in: 2014
• Number of employees: 251-500
• Funding amount: $62,280,224
• Number of funding rounds: 5
• Number of investors: 5

You can find their website here.

28) Indorse

Indorse is a skills validation platform that assists candidates in validating their technical skills while also assisting employers in finding better prospects.

Details of the startup:

• Country: Singapore
• City: Singapore
• Started in: 2017
• Founders: Avadhoot Kulkarni, David Moskowitz, Gaurang Torvekar
• Number of employees: 11-50
• Funding amount: $13,825,177
• Number of funding rounds: 3
• Number of investors: 2

You can find their website here.

29) Combyne

combyne is a social platform for outfit creation. It’s a mix of a game, a useful tool, and a social network.

Details of the startup:

• Country: Germany
• City: Munich
• Started in: 2014
• Founders: Christian Dienst, Karolina Yunusova, Marek Mihok, Miguel Serrano, Philipp Seybold, Worathiti Manosroi
• Number of employees: 11-50
• Funding amount: € 5,940,000
• Number of funding rounds: 5

You can find their website here.

30) Browntape

Inventory Control in Multiple Channels

Details of the startup:

• Country: India
• City: Goa
• Started in: 2012
• Founders: Gurpreet Singh, Piyush Goel
• Number of employees: 51-100
• Funding amount: $3,326,496
• Number of funding rounds: 4
• Number of investors: 5

You can find their website here.

31) Webio

The Conversational Middleware Company(tm) is bringing conversational interfaces into the enterprise.

Details of the startup:

• Country: Ireland
• City: Dublin
• Started in: 2016
• Founders: Cormac O’Neill
• Number of employees: 11-50
• Funding amount: € 1,000,000
• Number of funding rounds: 3
• Number of investors: 3

You can find their website here.

32) E-Poets Society

A digital publishing platform with a content development engine that works 24 hours a day, seven days a week, offering Arabic users with original literature e-books.

Details of the startup:

• Country: Croatia
• City: Zagreb
• Started in: 2020
• Founders: Pamela Osman, Ralph Younes
• Number of employees: 11-50
• Funding amount: € 200,000
• Number of funding rounds: 2
• Number of investors: 1

You can find their website here.

FAQs

Is Social Network Business Profitable?

The answer to this question depends on a variety of factors, such as the type of social network, the size and reach of the network, the amount of effort put into marketing and monetization, and the quality of content being produced. 

Many social networks have been highly profitable, while others have struggled to make money. Ultimately, the success of a social network business depends on the ability to create and maintain a large user base and monetize it in a way that is both effective and profitable.

What Is The Average Investment In Social Network?

The average investment in social network startups is typically between $1 million and $2 million. However, some venture capital firms have invested up to $20 million in social media startups.