Openvibe Secures $800,000 Investment to Advance Open Social Network App

Alexis Rowe

Alexis Rowe

January 28, 2025 · 3 min read
Openvibe Secures $800,000 Investment to Advance Open Social Network App

Openvibe, a innovative app that integrates multiple open social networks, has secured $800,000 in funding to accelerate its development and expansion. The investment round was led by Czech Founders VC, with participation from Automattic, the parent company of WordPress.com and Tumblr, as well as Tensor Ventures.

Launched in 2024, Openvibe initially supported three prominent open social networks: Mastodon, Bluesky, and Nostr. The app later added support for Instagram Threads, which has opened itself up to the developer community by adopting ActivityPub. Openvibe's CEO, Matej Svancer, envisioned the app as a user-friendly gateway to the open social web, allowing users to connect with friends across different platforms in a combined timeline and enabling cross-posting to multiple networks at once.

The investment will be used to accelerate product development, expand Openvibe's user base, and work on integrations with other social platforms. The company also plans to refine its user interface and explore additional features. Openvibe is currently available as a free app on iOS and Android, with plans to introduce a subscription plan to generate revenue in the future.

The investment is notable, given Automattic's historical focus on backing projects in the open source space, particularly those designed to compete with Big Tech. This move signals that there is appetite among investors for supporting apps and services that leverage new open social protocols. Recently, Mark Cuban, a well-known entrepreneur and investor, called for video apps building on Bluesky's AT Protocol, and Bluesky itself raised $15 million in Series A funding last fall.

Openvibe's fundraising success is a significant development in the open social network landscape, which has been gaining momentum in recent months. The app's ability to integrate multiple platforms and provide a seamless user experience has the potential to attract a large user base and drive adoption of open social protocols.

The investment also underscores the growing interest in open social networks, which are designed to be more decentralized and community-driven than traditional social media platforms. As the tech industry continues to shift towards more open and inclusive models, Openvibe's innovative approach is well-positioned to capitalize on this trend.

In conclusion, Openvibe's $800,000 investment is a significant milestone in the development of open social networks. With its user-friendly app and plans for further expansion, Openvibe is poised to play a key role in shaping the future of social media.

Similiar Posts

Copyright © 2024 Starfolk. All rights reserved.