Vermut Plataforma SL

Vermut Plataforma SL is a social networking platform dedicated to enhancing social connections for seniors through shared interests and activities, fostering community engagement and friendship. Founded in 2020 in Barcelona, Spain, Vermut Plataforma SL focuses on bridging social gaps for seniors through innovative interactions. The company has received funding, with BITKRAFT Ventures leading a EUR 1. 5 mn investment round on October 20, 2022, also involving Gaingels.

The firm has successfully completed two deals to date. Vermut App delivers a social networking platform tailored for seniors, facilitating the discovery and organization of social events termed 'Hangouts' such as dining and cinema outings. Using artificial intelligence, it connects users with similar interests in their area, catering to a diverse audience primarily in major urban locations across the United States and Europe. The app prioritizes safety and communal validation, ensuring a secure environment for participants.

Vermut generates revenue through a subscription model, offering a Basic Membership at EUR 5 per month or EUR 24 per year, which grants access to collaborative activities, community forums, and online classes. The company may also generate revenue through partnerships with local businesses to promote their services to its user base, fostering ongoing relationships that enhance subscription renewal. In October 2022, Vermut secured EUR 1. 5 mn in funding led by BITKRAFT Ventures to expand its market reach, enhance product offerings, and boost marketing efforts.

The company aims to develop new products and expand into broader markets, focusing on increasing its presence in urban areas across Europe and the United States to serve more seniors seeking social engagement.