GoFrendly AB

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GoFrendly AB - overview

Established

2016

Location

Stockholm, -, Sweden

Primary Industry

Internet

About

Based in Stockholm, Sweden, GoFrendly AB operates a friendship-building application aimed at women seeking to establish meaningful social connections through shared interests and activities. GoFrendly AB specializes in creating a platform for women to forge friendships and social connections. Founded in 2016 by Claudia Gård and Ulrika Lilja, the company has secured a total of four deals with its most recent funding round occurring on February 22, 2023. The latest funding round raised USD 1.


25 mn led by JNE Invest, bringing the total amount raised to USD 1. 25 mn. The company's headquarters is located in Stockholm, Sweden, where it continues to operate without any known parent or subsidiary companies. CEO Ulrika Lilja plays a vital role in the company's ongoing development and strategy.


GoFrendly operates a specialized application that facilitates friendship-building among women looking to expand their social circles. The app enhances user interactions through features such as personalized friend matching, chat functionalities, and group activities tailored to shared interests. Actively marketed in regions such as Sweden, Norway, Denmark, and Finland, the platform provides women with opportunities to engage in various social activities ranging from casual coffee dates to adventure outings, fostering a supportive and community-oriented environment. In 2022, GoFrendly reported a revenue of USD 156,387.


4. The company’s revenue model is primarily subscription-based, allowing users to access premium features, including advanced matching algorithms and exclusive group events. Payments for subscriptions are processed electronically, ensuring a steady revenue stream that supports ongoing platform development while enhancing user experiences. The most recent funding round on February 22, 2023, led by JNE Invest, will see GoFrendly utilize the USD 1.


25 mn raised to accelerate its AI capabilities and expand into the UK market. The company plans to enhance its application features while targeting new geographic regions to grow its user base and strengthen its community-building efforts.


Current Investors

JNE Invest, Curitas Ventures, Zenith Group

Primary Industry

Internet

Sub Industries

Social Networking & Communication Platform

Website

www.gofrendly.com

Verticals

Mobile Apps, Social Media

Company Stage

Early Stage

Total Amount Raised

Subscriber access only

GoFrendly AB - timeline of key events

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GoFrendly AB - financials

Fiscal Year EndedDec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022
Revenue (USD)-116,122241,686217,470---
% Revenue Growth (YoY)--108.1%(10.0%)---
EBITDA (USD)(345,280)87,732(1,757,974)(4,231,900)---
Operating Income (USD)(345,280)87,732(1,784,496)(4,595,102)---
Operating Margin-75.6%(738.4%)(2113.0%)---
% EBITDA Margin-75.6%(727.4%)(1946.0%)---
NET Income (USD)(355,692)71,895(1,820,204)(4,617,101)---
% Net Margin-61.9%(753.1%)(2123.1%)---

GoFrendly AB - employee data

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