Courtesy of Vernon Coleman
Realtime, an invite-only social networking app cofounded by two Gen Zers, announced in late December a $4 million seed round led by Alexis Ohanian's Seven Seven Six venture fund.
Users on the app create video chat rooms where they can talk and connect with each other, and also host conferences and group meetings.
Vernon Coleman, 23, cofounder and CEO of Realtime, told Insider that the app wants to become the "authentic social layer for Gen Z and young millennials" and he has plans to expand into the real world after the pandemic subsides.
Other investors in the app include Kickstarter co-founder Yancey Strickler, former Tinder CPO Ravi Metha, and Twitch co-founder Kevin Lin. Coleman is now one of the 1% of Black founders that have raised VC funding.