Total amount raised
$71.5 Millions
Latest funding date
01/01/2024
Location
Blind has successfully raised funding through multiple rounds, with its latest being a Venture - Series Unknown. The platform serves as an anonymous professional community where verified professionals can connect and discuss various career-related topics.
Keep reading to explore the intricacies of Blind's fundraising journey and the investors backing this innovative platform.
What Is Blind?
Blind, founded on May 30, 2013, by Kyum Kim and Sunguk Moon, is an anonymous professional community platform. Based in San Francisco, California, it allows verified professionals to connect and discuss career-related topics. The company employs between 51-100 people.
How Much Funding Has Blind Raised?
- Seed Round
- Amount Raised: $825K
- Date: October 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and attract early users.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage development and operations.
- Series A
- Amount Raised: $3M
- Date: September 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the user base and enhance platform features.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: November 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the platform and user acquisition.
- Series B
- Amount Raised: $6M
- Date: May 2017
- Lead Investors: DCM Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand market reach.
- Series B
- Amount Raised: $15M
- Date: November 2018
- Lead Investors: SBVA
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and increase user engagement.
- Series C
- Amount Raised: $37M
- Date: May 2021
- Lead Investors: Mainstreet Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale anonymous workplace communities and launch "Talent by Blind".
- Venture Round
- Amount Raised: $9.7M
- Date: January 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and platform enhancements.
Total Amount Raised: $71.525M. Current Valuation: Not publicly disclosed.
Key Investors
- Mainstreet Investment
- Details: Mainstreet Investment is a South Korean venture firm that led Blind's Series C funding round. They are known for investing in innovative startups.
- Investment Focus Areas: Technology, startups, innovation.
- Notable Investments: Not publicly disclosed.
- Cisco Investments
- Details: Cisco Investments is the investment arm of Cisco, a multinational technology conglomerate. They focus on strategic investments to drive innovation.
- Investment Focus Areas: Networking, cybersecurity, enterprise solutions.
- Notable Investments: Not publicly disclosed.
- Pavilion Capital
- Details: Pavilion Capital is a subsidiary of Temasek, Singapore's sovereign wealth fund. They invest in a wide range of sectors with a focus on long-term growth.
- Investment Focus Areas: Long-term growth, innovation, diverse sectors.
- Notable Investments: Not publicly disclosed.
- Storm Ventures
- Details: Storm Ventures is a venture capital firm that focuses on early-stage technology companies. They have been a returning investor in Blind.
- Investment Focus Areas: Technology, remote work solutions, innovation.
- Notable Investments: Not publicly disclosed.
- DCM Ventures
- Details: DCM Ventures is a venture capital firm that invests in early-stage technology companies. They have shown continued support for Blind.
- Investment Focus Areas: Technology, innovation, startups.
- Notable Investments: Not publicly disclosed.
What's Next for Blind?
Blind is poised to capitalize on the growing trend of remote work, offering a unique platform for anonymous workplace communities. With over 5 million verified professionals, the potential for growth is substantial. The launch of "Talent by Blind" presents a significant opportunity to monetize the platform by connecting tech recruiters with top talent.
Future fundraising rounds seem likely as Blind continues to expand its services and user base. The company’s focus on providing HR insights and maintaining user integrity will be crucial in attracting further investment. However, challenges such as maintaining user trust and competing with established tools like Slack and Zoom remain.
Blind's deliberate growth strategy and emphasis on user integrity position it well for future success. As the platform scales, it will need to navigate the complexities of monetization and user engagement, ensuring it remains a valuable tool for both employees and companies in a rapidly evolving work environment.
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