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Industries
Consumer Software
Entertainment
Company Size
51-200
Company Stage
Acquired
Total Funding
$640M
Headquarters
Paris, France
Founded
2020
BeReal offers a social media platform that encourages users to connect with friends by sharing authentic moments from their daily lives. Each day, users receive a notification at a random time, prompting them to take and share a photo within a two-minute window. This spontaneous approach allows users to showcase unfiltered experiences, providing a genuine look into their lives. BeReal primarily targets younger users, such as teenagers and young adults, who prefer a more real social media experience compared to platforms that focus on curated content. The company aims to grow its user base and engagement, with plans to monetize through in-app advertising, premium features, and partnerships with brands. By fostering real-time interactions and a unique sharing experience, BeReal differentiates itself from competitors in the crowded social networking market.
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Total Funding
$640M
Above
Industry Average
Funded Over
3 Rounds
BeReal gained popularity during the pandemic but failed to maintain a permanent foothold with users.
Just under a year ago, the buzzy new social app BeReal looked to be on the rise, with reportedly 20 million users launching the app every day to snap their candid photos. However, in the months since, BeReal’s traction has declined, according to a new report from Similarweb, despite its rollout of new features like messaging, the ability to post more photos, and a “Friends of Friends” discovery feed. BeReal, however, disputes the new published estimates, saying that it’s still growing at a “healthy rate.”According to data compiled by the research firm Similarweb, BeReal has been losing traction in the U.S., where the app’s monthly active users on iOS and Android have declined from a peak of 3.7 million in November 2022 to just over 3 million this August.BeReal, reached for comment, said this estimate was inaccurate, but declined to share its own segmented market metrics.Image Credits: SimilarwebIn addition, Similarweb told TechCrunch BeReal’s monthly active users globally have declined to 16.06 million. That would be a drop from last year’s reported 20 million — a figure that roughly lines up with Similarweb’s estimates from January 2022. This decline may have been even more significant except for the fact that BeReal usage has continued to grow in its home market of France, where the app is nearing 615,000 monthly active users in August on Android, up from under 500,000 last year, Similarweb said.BeReal pushed back at these findings as well, noting that its app has over 25 million active users worldwide. It also pointed out that third-party reports are just estimates and it’s own internal numbers are more accurate.Image Credits: BeRealOf course, it’s common for new social apps to see a burst of activity and usage before settling down as some early adopters abandon the experience and only loyal users are retained
Spotify announced its collaboration with BeReal in a news release and confirmed that streamers will now be able to listen to their favorite tracks through the BeReal app.
Join top executives in San Francisco on July 11-12, to hear how leaders are integrating and optimizing AI investments for success. Learn More. Driven by Gen Z and millennials, social commerce is predicted to grow three times faster than traditional eCommerce, to a projected $1.2 trillion by 2025. This is no surprise to experts. The viral hashtag and phenomenon #TikTokMadeMeBuyIt has 28.6 billion views, including ads, influencer content and reviews. This engagement has skyrocketed brands like CeraVe, The Pink Stuff, and e.l.f
Investors chase photo apps for 'hot vax summer.'
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Industries
Consumer Software
Entertainment
Company Size
51-200
Company Stage
Acquired
Total Funding
$640M
Headquarters
Paris, France
Founded
2020
Find jobs on Simplify and start your career today
Discover companies similar to BeReal