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Flam raises $4.5 Mn in pre-Series A funding round to expand footprint in North America, Europe, and MENA region

May 28, 2024over 1 year ago

Amount Raised

$4.5 Million

Round Type

series a

India

Investors

9 UnicornsSvqInventus Capital PartnersAlphatron CapitalTwin VenturesTurbostart

Description

Flam, a mixed reality (MR) startup, has raised INR 38 Cr ($4.5 Mn) in its pre-Series A funding round. The capital will be used to expand its footprint in markets such as North America, Europe, and the MENA region.

Company Information

Company

Flam

Location

India

About

The company said it will use the seed capital to fuel growth and user engagement on Flam’s new social media features, build a scalable augmented reality (AR) engine, and expand to international markets. The company was founded in May 2021 by three BITS Pilani graduates, Shourya Agarwal, Malhar Patil, and Rajat Gupta. Flam is an AR-based social media networking platform built for a global audience.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers