202223 Nov

College social app Fizz is growing fast – maybe too fast

Summary

Things are bleak in the tech sphere as we close out a year defined by plummeting stocks, persistent mass layoffs and a fall from grace for major social media companies. Yet Stanford dropout Teddy Solomons story of co-founding Fizz is so reminiscent of Facebook that he was introduced to his investor and now-CEO Rakesh Mathur as the next Mark Zuckerberg. With the help of its Series A, led by NEA with participation from Lightspeed, Rocketship, Owl Ventures, Smash Ventures and New Horizon, Fizzs goal is to reach 1,000 campuses by the end of 2023.What weve found is that Fizz is impactful across a variety of campus cultures, from highly academic Ivy League schools to party schools and now HBCUs, co-founder and COO Teddy Solomon told TechCrunch. Fizz is all about providing students with a safer, private and engaging space to connect about their shared experience of living on the same college campus, whatever that experience and culture may be.Fizz says it has reached 95% penetration among iPhone users (it doesnt have an Android app yet) on campuses like Stanford, Dartmouth, Pepperdine and Bethune-Cookman but the download numbers might be a bit inflated, since Fizz employs tactics like offering free donuts in exchange for downloads, which is standard among college-founded apps. Cofer said that he and Solomon had followed the recommendations of a cyber security consultant.Following the letter, we sat down with the hackers and resolved the matter amicably, and no further legal action has been pursued, he said.

Source: Techcrunch

Funding

$12M
Amount
Nov 23 2022
Date
-
Investor
Fizz
Company

Classifications

Companies