Serena Williams-backed kids’ social media app gets NBA backing

Serena Williams has forged a path as an investor that leads with her mind and her heart. His latest move is no exception.

The tennis legend has supported Zigazoo, a social network designed to be a safe space for children.

The kids’ social media app recently announced that it raised $17 million led by Liberty City Ventures on June 28, 2022, their Series A funding round. Other participants include the National Basketball Association, Causeway Capital Management, Dapper Labs, OneFootball, Medici VC, Animoca Brands and Lightspeed Venture Partners.

Crunchbase points out that this latest round brings their total raise to $25 million.

“We are educators and parents trying to make the world a better place for children through technology, and we are now the largest and safest social network for children in the world,” Zak Ringelstein told Refresh. Miami in an interview. .

Williams isn’t the only celebrity to believe in the app. He also has app appearances from Tiffany Haddish and Lebron James, among others. It’s described as a positive content-only version of TikTok for ages 6-12.

According to Finurah, CEO Zak Ringelstein said that Zigazoo will use this investment to build more creative tools, a marketplace for digital goods, and grow in the metaverse. In April, the social network started selling NFTs.

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