# Zenly

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zenly-s-a-s

- Industry: Internet
- Headquarters: Paris, France
- Website: www.zen.ly
- Total disclosed funding: $21M
- Latest round: Series B (Oct 25, 2016)
- Investors on record: 2

## About

Zenly S.A.S. is a location-based social platform that enhances user interaction through real-time map sharing and safety features, primarily catering to a younger demographic engaged in social activities.Zenly S.A.S. is known for its location-sharing service that enables users to connect with friends in real-time. Founded in 2011 in Paris, France, by Alexis Bonillo and Sarah Frank, the company has undergone strategic growth phases, culminating in its acquisition by Snap Inc. in May 2017 for USD 213.3 million. Over its operational years, Zenly has successfully completed 3 deals, with its latest funding round being an Add-on Trade Sale.Zenly S.A.S. primarily offers a location-based social platform that allows users to share their real-time location with friends, facilitating spontaneous meetups and enhancing social connectivity. The application is designed for a younger demographic, particularly Gen Z and millennials, who value real-time updates on their friends' whereabouts. The service is available in key markets across North America, Europe, and parts of Asia, enhancing social interactions during outings.The company's revenue for the year 2023 was USD 12,301,993.30, with an EBITDA of USD 2,842,833. The revenue model is largely based on subscription services, providing premium features for enhanced user experiences, alongside potential revenue from partnerships with brands and corporate entities.Zenly S.A.S. plans to continue expanding its offerings, with upcoming product enhancements aimed at increasing user engagement and safety features. The company is also looking to penetrate new markets in Asia and South America by 2025. Recent funding from Snap Inc. will support these initiatives, allowing for further development of features and services to cater to an expanding user base.

## Funding rounds

- Series B, Oct 25, 2016, $21M — Benchmark, Idinvest Partners

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series B
- Idinvest Partners (https://capitalatlas.ai/funds/idinvest-partners) — Series B