Flam, an AR-powered social media networking platform, raised a seed funding investment of $3.5 million led by Silicon Valley Quad, Inventus Capital Partners SV, along with 9Unicorns, Kwaish Ventures and prominent angels.
The seed capital will be used to further fuel growth and engagement on social media features, build a scalable next-gen AR engine, drive AR adoption, and expand to international markets. The funding will also be used to develop a tech team comprising Computer Vision, Graphic Engineering, GPS Mapping, Social Media Product, Growth Managers, and 3D Designers to meet the company’s future needs.
Flam launched its first consumer product called ‘FlamCard’,