MeWe Closes $27M Funding Round

MeWe, a Los Angeles, CA-based privacy-first, social network committed to protecting user data, closed a $27m funding round.

The round included $12m from previous investors and $15m in strategic financing from McCourt Global.

The company intends to use the funds to optimize the benefits of social media, continue to uphold their commitment to reject financial models that exploit member data, and expand its global footprint.

Led by Chairman and CEO Jeffrey Edell, MeWe is a social network engineered to respect personal privacy and avoid algorithmic manipulation –allowing for authentic relationships. Its paid premium service grants members additional services like cloud storage and custom emojis. MeWe gives members full control of their newsfeed and content for authentic sharing with friends, family, people with common interests, as well as following celebrities, artists, and influencers without the manipulation of ads or algorithms. Its global membership, which currently spans North America, Europe and Asia, has created over 600,000 interest groups to date. With members divided equally between U.S. and international audiences, MeWe’s free service is available in 20 languages.

MeWe’s Board of Directors includes Jeffrey Edell, Divya Narendra, Braxton Woodham, Max Duncan, Jonathan Wolfe, and Jason Hardy. Advisors to MeWe include the father of the World Wide Web, Sir Tim Berners-Lee, Apple co-founder Steve Wozniak, and filmmaker Cullen Hoback.