The project to analyze the data of social networks Endorphin.me received $250K from the U.S. venture capital firm the Untitled. The funds will be used for the technical development of infrastructure, promotion in the U.S. market, the involvement of local experts and testing of key hypotheses of the project.
Overall assessment of the company after the financing round is $1M, meaning that the American investor will receive about 25% of the company.
The Endorphin team visited Silicon Valley under the cooperation with the Untitled to participate in the program of BlackBox Connect business accelerator. We would also note that Endorphin entered the top-30 best Ukrainian startups according to recruitment agency Pruffi.
The project was presented to the experts of Techcrunch Disrupt in San Francisco. As a result, the project received positive reviews.
The team is now engaged in the development of the first release, preparing for the launch of MVP (Minimum Viable Product) and is actively looking for additional investment for the second financing round (the investment will be needed in February next year).