Cheers Raises $2.5M Series A To Expand Its Positivity Network

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Published on Mar. 06, 2013
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Cheers, the app and social network built around giving users the chance to celebrate the good things in their lives, has raised a $2.5 million Series A funding round led by MindFund and including Charles River Ventures, Trinity Ventures, AngelList founder Naval Ravikant and others. The startup launched just over a year ago in February, and is still very much experimenting with its positivity-based social network, according to founder Farhad Mohit.

The funding will help Cheers continue to explore and expand that experiment, Mohit says, and build on recent additions to the platform. This includes the addition of “Celebrations,” a feature introduced in an update a few weeks ago that allows users to build collections that are open to community contribution about any topic. This new feature was designed to address an audience focus issue by giving users ways to find and engage with content they’re specifically interested in, instead of having to wade through the firehose of the general feed.

Read full article at TechCrunch

 

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