# MocoSpace

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

- Industry: Internet
- Headquarters: Boston, US
- Website: www.mocospace.com
- Total disclosed funding: $7M
- Latest round: Series B (Jan 28, 2008)
- Investors on record: 2

## About

MocoSpace is an interactive communication platform designed for users to engage in public chat rooms, group chats, and private conversations, fostering social connections among individuals with shared interests.MocoSpace operates primarily as a communication platform facilitating social interactions through chat-based services. The company was founded by Justin Siegel, who has a history of involvement in other ventures. Headquartered in Boston, US, MocoSpace raised USD 2.00 mn in August 2011, marking its latest funding round, which has brought its total amount raised to USD 2.00 mn. The company has participated in a total of 4 deals.MocoSpace’s primary offerings center around a comprehensive communication platform that enables users to engage in public chat rooms, group chats, and private conversations. Designed for social interaction, the platform caters to individuals seeking to connect with others over shared interests or to expand their social networks. Users can join various chat rooms based on topics, hobbies, or interests, facilitating community-building and engagement. The application is particularly geared towards a diverse user base of over 100 million, including casual users, hobbyists, and individuals looking for meaningful interactions. Geographically, the service extends its reach to markets in North America, Europe, and parts of Asia, ensuring a global presence that caters to a wide array of cultural contexts and user preferences.MocoSpace generates revenue through a subscription-based model, offering users tiered access to enhanced features within the platform. These subscriptions may include premium services such as additional chat room functionalities, advanced privacy settings, and exclusive community access. The pricing structure is designed to attract a broad spectrum of users, from casual participants to those seeking more in-depth engagement through premium memberships. With a focus on both direct-to-consumer sales and potential B2B partnerships, the company establishes relationships with organizations looking to leverage the platform for community engagement or customer interactions. In this manner, the company creates a sustainable revenue stream that is directly tied to user engagement and satisfaction with its core services.In August 2011, MocoSpace raised USD 2.00 mn in new financing to support its growth initiatives. The company is focused on enhancing its platform by designing new features aimed at improving user engagement and interaction. Furthermore, MocoSpace plans to expand its services into additional geographic regions, specifically targeting new markets in Asia and Europe by 2013. This expansion aims to broaden its user base and enhance its presence in international markets.

## Funding rounds

- Series B, Jan 28, 2008, $4M — General Catalyst Partners, Pilot Group
- Series A, Aug 27, 2007, $3M — General Catalyst Partners, Pilot Group

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A, Series B
- Pilot Group — Series A, Series B