# QP Ventures

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qp-ventures

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.newness.com
- Total disclosed funding: $3.5M
- Latest round: Seed (Feb 26, 2021)
- Investors on record: 5

## About

Based in California, US, and founded in 2019, QP Ventures, Inc., doing business as Newness, operates as a live-streaming platform intended for beauty creators and their fan communities. The company was co-founded by Jenny Qian and Youri Park and is backed last February 2021 by Seed funding investors including Sequoia Capital, Cowboy Ventures, Upside Partnership, and Dream Machine. 

QP Ventures' platform enables creators to share their beauty tips to their fans and followers and rewards them for their positive and quality participation. It also allows the creators to host private streams exclusively for their fans where they can sell both general admission and VIP tickets that could come with rewards like beauty products.  

QP Ventures plans to build out its iOS consumer app in 2021 and hire more engineers for its offices in San Francisco, New York, and Los Angeles.

## Funding rounds

- Seed, Feb 26, 2021, $3.5M — Index Ventures, Hong Shan, Cowboy Ventures, Upside Partnership, Dream Machine

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Seed
- Hong Shan — Seed
- Cowboy Ventures (https://capitalatlas.ai/funds/cowboy-ventures) — Seed
- Upside Partnership (https://capitalatlas.ai/funds/upside-partnership) — Seed
- Dream Machine (https://capitalatlas.ai/funds/dream-machine) — Seed