# Soulgate

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

- Industry: Internet
- Headquarters: Shanghai, China
- Website: www.soulapp.cn
- Total disclosed funding: $60M
- Latest round: Series C (Dec 1, 2018)
- Investors on record: 3

## About

Based in Shanghai, China, and founded in 2016, Soulgate, Inc. is a social networking and communication platform enabling users to develop virtual identities to interact with other participants. Lu Zhang is the founder, chairwoman, and CEO of the company. In May 2021, the company seeks to raise USD 100 million US initial public offering (IPO).

The company provides a virtual social networking application called ‘Soul’, developed to overcome the shortcomings of current social media platforms. The platform users are called “Soulers”, they build a new identity in the virtual environment of Soul to freely create, share, explore, and interact with other Soulers. The mobile app can be downloaded from the Apple app store and Google play store.

The company plans to use net proceeds from IPO for research and development, marketing and promotional activities, general corporate purposes, and capital expenditures.

## Funding rounds

- Series C, Dec 1, 2018, $60M — Jiyuan Capital
- Series B, Jan 1, 2018 — DST Global
- Series A, Jun 30, 2017 — MFund

## Investors

- MFund (https://capitalatlas.ai/funds/mfund) — Series A
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series B
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series C