
ALTO
Offers a new way to discover if close friends are nearby.
Date | Investors | Amount | Round |
---|---|---|---|
$6.8m | Series A | ||
Total Funding | 000k |
USD | 2023 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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Alto Technologies Ltd. was a UK-based startup that developed a social discovery mobile application named ALTO. The app was designed to help users connect with friends from their phone's contact list who were physically nearby, within walking distance.
The core functionality of the ALTO app revolved around proximity-based social interaction. It allowed users to see when their valuable contacts were in the vicinity, without revealing their exact location, to facilitate spontaneous real-life meetups. The platform was built on the premise that social life truly happens in person. Key features included the ability to discover nearby friends, initiate chats, and make voice calls directly through the app. The service was exclusively based on a user's phone-book contacts to ensure that connections were with people they already knew.
The company's official registered address was in London, and it was incorporated in February 2014 under the direction of Andrea Cibelli. Public records show the company was dissolved in November 2018, indicating the application and its services are no longer operational. The app was previously available for download via a goo.gl shortened link, which is now inactive. Cibelli Iniziative Immobiliari is a real estate agency, which suggests a career change for the founder after his venture with ALTO Technologies.
Keywords: social discovery app, proximity-based social network, location-based app, mobile chat, meet friends nearby, phone-book contacts, real-life connection, social life app, London startup, UK tech, dissolved company, Andrea Cibelli, meet up app, find friends, social networking, mobile communication, location sharing, hyperlocal social, social mapping