Home / Mobile / Mammoth Media, the startup behind chat fiction app Yarn, raises $13M

Mammoth Media, the startup behind chat fiction app Yarn, raises $13M


hackd - Mammoth Media, the startup behind chat fiction app Yarn, raises $13M

Mammoth Media has raised a $13 million Collection A funding to create what it calls “leisure experiences for the mobile-first era.”

Mammoth isn’t not the primary startup to pitch itself as reinventing leisure for smartphones, however for essentially the most half, that message has come from gaming companies. Co-founder and CEO Benoit Vatere mentioned he wished to take the mobile-centric method past gaming and social media.

Moderately than “mixing social and media,” Vatere mentioned the main focus at Mammoth is “content material and content material alone.” That doesn’t imply excluding social completely. For instance, Mammoth made the Wishbone app, the place customers can vote on issues “Who’s cuter?”, however Vatere mentioned Wishbone is extra like America’s Funniest Residence Movies than it’s a social networking app — the main focus is on creating shareable content material, not on speaking to your mates.

Mammoth additionally created Yarn, certainly one of the apps delivering fiction in a text message format. The corporate says that the typical Yarn subscriber (pricing begins at $2.99 per week) spends 50 minutes studying within the first week. In response to App Annie, Yarn been the primary books app in various nations, together with america.

The app not too long ago launched Hack’d, a horror collection that includes Musical.ly star Kristen Hancher. Vatere mentioned we will anticipate to see extra collection starring social media influencers — after seeing response movies to Yarn content material, his group thought, “Why not, as a substitute of getting them react to the story, have them within the story itself?”

Vatere additionally plans to proceed launching new apps. The concept is to proceed experimenting with new codecs, which suggests a few of the apps in all probability gained’t take off, however he’s hoping to launch “one very profitable expertise” every year. This additionally requires a sustainable and repeatable mannequin for constructing audiences.

“Virality is essential to serving to progress, however virality can not maintain a enterprise,” Vatere mentioned. “You could have to have the ability to do person acquisition correctly … You want to udnerstand how a lot you possibly can afford per person.
Now we have the engine that tells us that.”

The funding was led by Greylock Companions, with participation from Science Inc., the enterprise studio the place Mammoth was incubated. Greylock’s Josh Elman wrote that he’ll be becoming a member of the Mammoth board, and he famous that that is his first funding in Los Angeles.

“I’m #longLA and I consider there might be many extra nice firms that bridge know-how and leisure and LA might be a terrific place for these firms to develop and prosper,” Elman mentioned.

About Sandeep Sitoke

I am Sandeep Sitoke SEO & SMO Expert. I have more than 4 years of experience in this field. I love reading and exploring new things every day.

Check Also

nc efi placeholder 310x165 - Free stock trading app Robinhood rockets to a $5.6B valuation with new funding round – TechCrunch

Free stock trading app Robinhood rockets to a $5.6B valuation with new funding round – TechCrunch

Robinhood began off as a dead-simple inventory buying and selling utility that had no transaction …

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: