
Amo
ID by Amo is a social media app that lets the user connect with friends in a creative way.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor investor investor | €0.0 | round |
* | $18.0m Valuation: $100m | Early VC | |
Total Funding | 000k |
Amo operates as a social platform developer with a distinct approach to online interaction, focusing on creating a suite of interconnected, single-purpose applications rather than a single, feature-heavy super-app. The Paris-based company was established by co-founders Antoine Martin and Michael Goldenstein, both of whom were previously part of the executive team at Zenly, a social map application acquired by Snap. Martin, leveraging over a decade of experience in building social apps, leads the company as CEO, reprising the role he held at Zenly.
The company's strategy is to unbundle the social experience into discrete apps, allowing users to select the functions they value without the clutter of an all-in-one platform. A user's profile, friends, and settings are synchronized across all of amo's applications, creating a seamless experience when trying new products from their ecosystem. The current suite includes 'ID', a collaborative profile board for friends to express themselves; 'Bump', a map-based app for friends and important places; and 'Sugar', a chat application with an unlimited canvas for creative conversations. This model is designed to foster more genuine, human-centric connections and emotional expression among users. The business is backed by venture capital, having secured an $18 million seed round from investors such as Newwave, Coatue, and DST Global Partners.
Amo's target market consists of individuals seeking more authentic digital social experiences, a space where competitors include major platforms like Facebook. The apps are free to use, and the company's primary focus is on rapid user growth and product development, with a team of approximately 40 people. The business generates revenue through in-app purchases, as indicated by their data processing agreement for transactions. Their operational framework is built on a monorepo using Bazel, a choice made to ensure flexibility and adaptability to evolving product requirements. The company's legal structure as a French entity means it operates under GDPR regulations for all its users globally.
Keywords: social apps, mobile applications, Antoine Martin, Michael Goldenstein, Zenly, social networking, ID app, Bump app, Sugar app, user-centric design, collaborative profile, social map, creative chat, venture capital, Newwave, Coatue, DST Global, social platform, monorepo, Bazel, GDPR compliant, Paris tech