# Chums Referral

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chums-referral

- Industry: Internet
- Headquarters: New York, US
- Website: www.chums.co
- Total disclosed funding: $3.5M
- Latest round: Seed (Mar 1, 2021)
- Investors on record: 6

## About

Chums Referral, Inc., based in the US, specializes in innovative referral solutions designed to enhance customer engagement and streamline business operations across various sectors.Founded in 2020 and headquartered in New York, US, Chums Referral, Inc. focuses on referral solutions for businesses. The company has secured USD 3.5 mn in Seed funding in March 2021 from investors including Contrary, Fuel Capital, Ludlow Ventures, Shrug Capital, Sound Ventures, and Y Combinator. The founder, Noah Elion, has a history of entrepreneurship, although details on previous ventures are not disclosed.Chums Referral, Inc. offers a diverse range of referral solutions tailored to meet client needs, including advanced software applications for data analytics and automation tools. These solutions enhance operational efficiency and drive data-driven decision-making, primarily targeting sectors such as healthcare, finance, and retail. The company serves mid-sized enterprises and large corporations across North America and Europe, with a flagship product recognized for its user-friendly interface and robust functionality.The company generates revenue through a subscription-based model, allowing businesses to access its suite of referral solutions via annual contracts. This direct-to-consumer approach fosters strong client relationships, with pricing plans structured to accommodate various organizational needs. The flagship software solution is positioned as a premium offering, reflecting its advanced capabilities in driving competitive advantage through effective referral strategies.Chums Referral, Inc. plans to leverage its recent USD 3.5 mn Seed funding from March 2021 to enhance its product offerings and expand market reach. Upcoming products are in development, designed for launch in 2023, targeting the healthcare and retail sectors for expanded market adoption. The funding will also support the company's initiatives to enter new geographic markets across Europe and Asia by 2024, aiming to establish a broader client base.

## Funding rounds

- Seed, Mar 1, 2021, $3.5M — Ludlow Ventures, Y Combinator, Sound Ventures, Fuel Capital, Shrug Capital, Contrary

## Investors

- Ludlow Ventures (https://capitalatlas.ai/funds/ludlow-ventures) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Seed
- Fuel Capital — Seed
- Shrug Capital (https://capitalatlas.ai/funds/shrug-capital) — Seed
- Contrary (https://capitalatlas.ai/funds/contrary) — Seed