Amo Raises $18 Million From New Wave DST Global And Coatue For Social App ID

RAISE IMAGE: Blaise Matuidi, Salomon Aich, Jean de la Rochebrochard & Antoine Martin DATE: 11/19/2023

COMPANY: Amo INVESTORS: New Wave (VC), DST Global & Coatue

AMOUNT: $18,000,000

NOTE: Paris-based startup Amo, co-founded by Antoine Martin, former co-founder of Zenly, has launched a new social app called ID. The app, which raised $18 million in an unusual funding round during a VC downturn in 2023, offers a creative platform for users to express themselves with stickers, photos, text, and drawings on a spatial canvas. ID aims to bring back the early days of social networking, allowing users to connect with friends in a more personalized and creative way, fostering a sense of depth and space. The startup, with a team including key members from Zenly, aims to address the loneliness epidemic by providing a more interactive and meaningful social experience. The launch is highly anticipated, given the past experience of the team and Amo's significant funding.

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