In a funding round led by Ortella Global Capital (OG Capital), a fund founded by Rajvardhan Mohite and former IFC executive Sayan Ghosh, professional social media platform Medial has raised $500K.
One of the few companies to raise two rounds of funding in 2024 is Medial. FirstCheque VC led the Bengaluru-based company’s January pre-seed round, which saw it raise $120,000.
According to a press release from Medial, the new revenue will be utilized to build an integrated professional ecosystem that emphasizes career advancement, meaningful connections, and pertinent content for the startup and tech communities around the world.
Medial, a content and community-driven platform founded and run by Niket Raj Dwivedi, Aishwarya Raj Pandey, Prateek Kaien, and Harsh Dwivedi, boasts a thriving community spanning a variety of domains, including tech, product, and UI/UX. It provides a non-clickbaity source of startup news, industry updates, banter, and advice to benefit its community and facilitate open and inclusive workplace discussions.
With plans to expand into a job board and company profile with global relevance, Medial began as an integrated platform for professionals in the startup sector. The company claims that the app is fostering a community among aspiring entrepreneurs, venture capitalists, business analysts, product managers, UI/UX designers, and product analysts.
After launching in alpha, it claims to have over 10,000 daily active users and a community of 100,000 entrepreneurs, techies, investors, and startup enthusiasts.
Medial is a professional network that, like GitHub and LinkedIn, integrates real identities. As an extra layer to improve the platform, it also provides an anonymous feature. It faces competition from Hood (previously Zorro), Grapevine, and, to a lesser degree, FishBowl, Blind, and Reddit.
