
Refer
Meet whoever you want through your network.
Date | Investors | Amount | Round |
---|---|---|---|
€515k Valuation: €3.0m | Angel | ||
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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Refer.social is an innovative startup that has developed a social app designed to facilitate and manage referrals. The platform empowers users to generate new revenue streams and create opportunities by leveraging their personal and professional networks. Essentially, Refer acts as a social referrals manager, making it easier for individuals and companies to introduce people to each other, akin to the simplicity of ordering a taxi ride.
The primary clients of Refer include individual professionals, businesses, and business clubs. Individual users can utilize the app to make introductions that could potentially change careers or lives, while companies can use it to meet future clients and collaborators efficiently. Business clubs can also benefit by sharing networks among their members.
Refer operates in the business-to-business (B2B) market, focusing on networking, sales, hiring, and prospecting. The business model is straightforward: users make introductions through the app, and if these introductions lead to successful hires or business deals, the introducer gets paid by the employer or the company that benefits from the referral.
Revenue generation for Refer comes from a combination of subscription fees for premium features and transaction fees for successful referrals. Companies and business clubs may pay for enhanced functionalities that allow them to scale up their networking efforts, while individual users might pay for advanced tools to manage and track their referrals.
In summary, Refer is a powerful tool that leverages the vast potential of personal and professional networks to drive business growth and career opportunities. By simplifying the process of making introductions, it helps users unlock the limitless potential of their connections.
Keywords: social app, referrals, networking, B2B, sales tool, hiring tool, prospecting, introductions, business clubs, revenue generation.