John Legend’s Tech Startup, It’s Good, Gears Up To Rival Yelp And Google Reviews, Raises $5M In A Funding Round
Summary
After making investments in companies over the years, John Legend is building his own platform.The Wall Street Journal reports that the musician launched his first startup, Its Good. The social app provides its users with personalized food and travel recommendations from their social circles making it a future competitor with the likes of Yelp and Google Reviews.Prior to its initial launch in March 2023, the idea for Its Good came around the COVID-19 pandemic while Legend and Mike Rosenthal, his co-founder and tech entrepreneur, were connecting virtually and attempting to recall and share their past travel experiences, the outlet details.We are really looking at a real-world problem that has not been solved really since Yelp first started, which was 20-something years ago, Rosenthal shared, according to the outlet.The duos app has already received backing as it gears up to open to the public. Earlier this month, it raised $5 million in a funding round, The Wall Street Journal reports. Participants included Lightspeed Venture Partners.As Its Good transitions from invite-only to forming its community, the company will focus on growth rather than revenue. Additionally, the team is looking to potentially partner with hospitality and food companies in the near future.John Legend has been putting on his entrepreneur hat as of late.