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Blossom Social raised $2.1 million in seed funding from LOI Venture, Goodwater Capital, and angel investors to grow its investing social network in the US.

May 21, 2024over 1 year ago

Amount Raised

$2.1 Million

Round Type

seed

VancouverSoftwareMobile

Investors

Goodwater CapitalLoi Venture

Description

Vancouver-based FinTech startup Blossom Social has secured more than $2.1 million CAD in seed funding to fuel the growth of its investing social network south of the border. The funding will also support Blossom’s recent expansion into the US and fund the firm’s product development efforts, including adding an investing “super-chat” and a desktop app to complement its existing mobile platform.

Company Information

Company

Blossom Social

Location

Vancouver, British Columbia, Canada

About

Blossom is a social network for investors to share verified stock portfolios, trades, and investment ideas. The startup’s mobile app offers portfolio analysis tools, dividend tracking, and “Duolingo-style investing education.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers