Muzy
Customizable blog allowing its users to post, edit, create, and share photos, animations, and collages through a mobile app.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
$4.4m | Seed | ||
| Total Funding | 000k | ||
Muzy Inc. operated as a social microblogging platform focused on visual content creation and sharing. Founded in 2011 by Matt Rubens and based in San Francisco, the company provided a free, all-in-one service for users to generate and distribute creative content.
The platform's core offering was a mobile and web application that enabled users to create collages, edit photos, and produce animations. It featured a variety of widgets and over 50 publishing tools, allowing for the integration of text, games, and other elements alongside visual media. This positioned Muzy in the competitive social media and multimedia software market, with contemporaries like Instagram and Imgur. The service was available on iOS and Android, emphasizing mobile-first content creation. By March 2015, the platform had attracted over 35 million users globally.
Muzy's business model was centered on providing a free service with unlimited uploads and storage, likely aiming to build a large user base to monetize through future advertising or premium features, a common strategy in the social media sector. The company's revenue was estimated to be under $1 million annually. The firm secured a total of $11.2 million in venture capital funding. This included a Series A round of $6.85 million in March 2009 and another round in June 2013, which raised $4.4 million with participation from investors such as WPP, Andreessen Horowitz (a16z), and Kapor Capital.
On March 12, 2015, the assets of Muzy Inc. were acquired by Frankly Inc., a provider of messaging technology. The acquisition was intended to integrate Frankly's chat SDK technology into Muzy's platform, leveraging its substantial user base to enhance engagement and explore new monetization opportunities through chat functionalities. Following the acquisition, Muzy was listed as a deadpooled company.
Keywords: Muzy Inc., microblogging, photo collage app, social content creation, Matt Rubens, mobile application, photo sharing, animation creation, Frankly Inc. acquisition, venture capital, Andreessen Horowitz, Kapor Capital, WPP, social media platform, multimedia software, digital art software, user-generated content, content sharing network, mobile content creation, photo editing tools