Recs is a burgeoning startup with a promising vision encapsulated in their slogan, "🤝📍 Recs – Places Made Simple." Launched in 2019, this Food and Beverage industry player is headquartered in the United States. They recently secured a substantial $1.40M in Seed Round investment on 18 August 2021. This capital injection marks a significant milestone in their journey, fueling their pursuit of simplifying the process of discovering great places.
With the Recs app, users can leverage recommendations from friends, save and recollect favored places, and connect with their social circle to exchange and match on preferred venues. This innovative app is designed to facilitate seamless planning for shared activities. Their unique proposition is positioned to address the inherent challenges in decision-making and planning, offering a solution that resonates with the contemporary consumer.
Having garnered substantial investment, Recs is poised to further develop and enhance their platform while expanding their user base. The funding received can be instrumental in fortifying their technological infrastructure, amplifying their marketing efforts, and potentially entering new markets. This latest investment injects a renewed sense of momentum and potential into Recs as they strive to carve a niche in the competitive landscape of the mobile application market.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Seed Round | $1.40M | - | 18 Aug 2021 | |
Seed Round | $3.20M | 1 | CAV Angels | 04 May 2021 |
Seed Round | $1.40M | - | 25 Aug 2020 | |
Seed Round | $2.10M | - | 01 Jul 2019 |
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