Medial raises $120K in pre-seed round

Medial, a professional social media platform, has raised $120K in its pre-seed round round led by FirstCheque VC. The round also saw participation from notable angels from Bengaluru, Mumbai, and the US including names like Nayan Jadeja, Rohitashwa Choudhary, Ankit Aggarwal, Radhakrishnan Ramachandran and others.

The proceeds will be used to primarily fuel product development, user acquisition, and testing of core app features, Medial said in a press release. 

Founded and led by Niket Raj Dwivedi, Aishwarya Raj Pandey, Prateek Kaien, and Harsh Dwivedi, Medial is a content and community-driven platform with a vibrant community across diverse domains such as tech, product, and UI/UX. It serves as a hub of startup news, industry updates, banters, and advice in a non-clickbaity fashion to add value for its community, and enable transparent and inclusive workplace conversations.

Medial started as an integrated platform for professionals in the startup sector and plans to grow into a job board and company profile with worldwide relevance. The app is creating a community for product managers, UI/UX designers, product analysts, venture capitalists, business analysts, and aspiring entrepreneurs.

While Medial is a professional network with real identities like LinkedIn and Github, there is also an anonymous feature as an additional layer to complement the platform. It may also compete with Grapevine, Hood (formerly Zorro) and to some extent with FishBowl, Blind and Reddit.

Medial claims to have a beta-stage user base of over 5,000 users and is set for an official launch by the end of January 2024.