# Foster

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/foster

- Industry: Internet
- Headquarters: New York, US
- Website: www.foster.co
- Latest round: Seed (Apr 1, 2021)
- Investors on record: 1

## About

Foster is a creative writing platform that fosters community and expression through structured writing sessions, allowing participants to engage deeply with their craft in an interactive online environment.Foster, founded in 2020 by Dan Hunt, operates from New York, US, specializing in facilitating creative expression through writing programs. The company has successfully completed a total of 3 deals, with the most recent deal occurring on January 18, 2023. Dan Hunt has a background that highlights his commitment to nurturing writers and enhancing their crafts.Foster’s primary product offering is its signature Writing Circles, which provide a structured environment for writers to engage in creative expression through weekly sessions held via Zoom. These 90-minute writing sessions are designed to foster community, consistency, and self-inquiry, allowing participants to write from a deeply felt and embodied state. The Writing Circles utilize various modalities such as meditation and breathwork to help writers achieve a state of flow and uninhibited expression. The company caters to a diverse clientele that includes both novice and experienced writers, ranging from those who write for personal fulfillment to published authors and content creators looking to enhance their craft. Foster's services are accessible to a global audience, with participants joining from various geographical locations including the United States, Canada, Europe, and Latin America.Foster's revenue model is primarily based on subscription services, where clients pay to participate in weekly Writing Circles and bi-annual retreats. The company engages in direct-to-consumer transactions, providing individuals access to its writing programs and community resources. Customers typically subscribe to join Writing Circles on a regular basis, which can lead to additional revenue through optional retreats held in various locations, including upstate New York and warmer destinations like Mexico and Costa Rica during winter. The structure of these transactions allows for a seamless integration of community and writing practice, positioning Foster as a unique entity in the creative writing space.In January 2023, Foster raised an undisclosed amount of venture funding from new investor TRAC. The company plans to utilize this funding to develop new writing programs and expand its offerings, aiming for a broader audience by targeting new geographic markets including Asia and Australia by the end of 2024. Foster is also exploring the launch of an on-demand writing course in mid-2023, allowing for more flexible access to their resources.

## Funding rounds

- Seed, Apr 1, 2021 — Pioneer Fund

## Investors

- Pioneer Fund (https://capitalatlas.ai/funds/pioneer-fund) — Seed