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Tinychat Raises $1.5M From Kutcher, Diddy And Others, Is Just Getting Started

November 29th, 2001 11:00 admin Leave a comment Go to comments

Fast-growing video communication and messaging platform provider Tinychat, which started out with disposable chat rooms back in early 2009, has just raised $1.5 million in funding, TechCrunch has learned.

The startup has confirmed the financing round, a convertible note, which included capital injections from angel investor Naval Ravikant and A-Grade, the investment vehicle of Madonna manager Guy Oseary, actor Ashton Kutcher and billionaire Ron Burkle).

As if that wasn’t enough, Sean Combs (yes, Diddy) also put up some cash, as did other undisclosed individual investors, some of them also famous artists.

For Tinychat, this is strategic money, helping the fledgling company get inroads with the Hollywood crowd that could potentially drive much of its further growth.

Tinychat co-founder Dan Blake wasn’t too keen on sharing more details about the funding, but did acknowledge that they’ve raised money to scale operations. The startup is in the process of moving its employees, about 10 people give or take, to a bigger office in New York.

Blake did share some interesting stats, highlighting the company’s staggering growth. According to Blake, Tinychat currently peaks at around 35,000 concurrent users per second, as many as there are new users signing up every day. The site gets visited about 20 million times per month, and there are 100+ servers keeping the system afloat today.

I’m told the company is closing in on an even larger financing round at a hefty valuation, so keep watching this space for more information.

Source: Tinychat Raises $1.5M From Kutcher, Diddy And Others, Is Just Getting Started

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  • http://www.akbhomesucks.com KB Home Sucks

    Every time Burkle can’t make money for nothing, I put up the cash where’s my exorbitant return he dumps his investment as quickly as he can. Ron stick to what you know best… Tabloids and groceries. http://www.akbhomesucks.com all the parties at Greenacres is only a write-off from your gross income. Burkle ignores the customer complaint when he was a Board member at KB Home; the FTC Federal Trade Commission Consent order is just laughed at by KB Home Board Members. Burkle needed to use Jackson so he could gain the confidence of other African American Artists thinking he’d reap a financial reward in that market, no more no less. Can you say Burkle gives a diddy?


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