Fizz, the social media platform exclusively for university students founded by Generation Z, announced that it has received an investment of $ 25 million with the participation of NEA led by Owl Ventures. Fizz surpassed what Crunchbase considers to be the lowest funding quartile for Series B rounds in 3 years. And it did so on the heels of raising a $2022 million Series A in November 12.
Fizz aims to free Gen Z social media users from the constant judgement, comparison and unattainable expectations that legacy social platforms have become known for. So what is the company’s goal? It aims to encourage users to be their true selves and create a safer, private and more engaging digital space to share content about what it’s actually like to be a college student!
Social Media Platform Fizz
Alex Le will be a great addition to our team to help us make the Fizz experience more relevant to the needs of students and help us see what’s around the corner in the world of social media. We are grateful for the support of our investors at Owl and NEA, and as we continue to grow, we will remain focused on our mission to ensure that Fizz always delivers value to our users.Rakesh Mathur, CEO of Fizz
The campus-centred model creates specialised communities for each school. That’s why navigating Fizz is not only fun. It also allows students to connect with classmates they might not otherwise cross paths with. Now live on more than 90 college campuses, Fizz is taking the college market by storm. In several recent campus launches, Fizz has reached more than 50 per cent of its student audience in two months. And what about app usage in general? It’s showing a faster growth rate than the original launches at schools like Stanford and Pepperdine, which now have over 95 per cent adoption. What is also stated for Fizz? It is stated that it will use its latest funding to expand its team to prepare for more campus launches and create more features tailored to user requests. What is the company doing to help the app evolve as the social media landscape continues to change? They are looking for talented and driven engineers to join their team in Palo Alto, California.
Spending time on Reddit has shown me the incredible power of digital communities. And I’m excited to help create a better way for Gen Z to connect with each other online. I love Rakesh, Teddy, and Ashton’s vision of creating a safe environment for college students to communicate and connect with each other, and I look forward to working with them to make Fizz the go-to app for Gen Z.Alex Le, Chief Product Officer of Fizz