# Pico Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pico-networks

- Industry: Software
- Headquarters: Brooklyn, US
- Website: www.trypico.com
- Total disclosed funding: $4.5M
- Latest round: Seed (May 29, 2019)
- Investors on record: 5

## About

Based in New York, US, founded in 2016 by Jason Bade and Nick Chen. Pico Networks, Inc. is a company that develops tools for audience relationship management. The firm has raised a total funding of USD 15.55 million in 2020. In August 2021, the firm entered an agreement to merge with FTAC Athena Acquisition Corp, a special purpose acquisition company (SPAC), which values the company at USD 1.4 billion.

Pico Networks, Inc. focuses on businesses that are built on audience relationships, such as journalists, creators, etc. The platform enables these businesses to offer free and paid newsletters, retrieve data about active users, and the content that these active users access the most.

The company generates revenue by charging fees once the business reaches 500 users on its platform.

Following the merger, which is expected to close by the end of 2021, Pico Networks, Inc. plans to become a publicly listed company on the Nasdaq.

## Funding rounds

- Seed, May 29, 2019, $4.5M — Stripe, Inc., Axel Springer Digital Ventures, Bloomberg Beta, Precursor Ventures, Village Global

## Investors

- Stripe, Inc. — Seed
- Axel Springer Digital Ventures (https://capitalatlas.ai/funds/axel-springer-digital-ventures) — Seed
- Bloomberg Beta (https://capitalatlas.ai/funds/bloomberg-beta) — Seed
- Precursor Ventures (https://capitalatlas.ai/funds/precursor-ventures) — Seed
- Village Global (https://capitalatlas.ai/funds/village-global) — Seed