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Sources: Bereal Raised $60M In Its Series B Earlier This Year, Now Has 20M Daus

Oct 20, 2022•about 3 years ago

Amount Raised

$60 Million

Round Type

series b

ParisSoftwarePhoto Sharing

Description

BeReal, the photo sharing app, has been a huge hit with Gen Z and beyond. Now with other big social apps rushing to clone some of its no-frills ethos, it’s put together a war chest to work on its next chapter. TechCrunch has learned that the startup closed a round of $60 million earlier this year. The funding is coming in the form of a Series B and it values Paris, France-based BeReal at a valuation north of €600 million — which at today’s exchange rates is just under $587 million.

Company Information

Company

BeReal

Location

Paris, Ile De France, France

About

TechCrunch has learned that the startup closed a round of $60 million earlier this year. A source tells us that the company now has around 20 million DAUs. The funding is coming in the form of a Series B and it values Paris, France-based BeReal at a valuation north of €600 million — which at today’s exchange rates is just under $587 million.(Exchange rates are tricky right now; the dollar is strong against other currencies in the face of global economic turmoil. BeReal, the photo sharing app, has been a huge hit with Gen Z and beyond. BeReal itself is simple to use: once a day, it sends users a notification encouraging them to take a dual photo, or a “BeReal” – a combination of a selfie and a front-facing photo, snapped simultaneously.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech