We’ve written quite a bit recently about Pair, the hot new social network for couples. Some of our headline-worthy investors in Berlin tech companies think it’s pretty hot too. In case you missed it, Ashton Kutcher and Yuri Milner are among those to back Pair in its just-announced $4.2 million seed round.
The full list of new investors: Ashton Kutcher’s A-Grade Ventures, Yuri Milner, Path CEO and co-founder Dave Morin , Paul Buchheit, Founder Collective, SV Angel, Lerer Ventures, Michael Birch, Sam Altman, CrunchFund, Tencent, Betaworks, Alexis Ohanian, Garry Tan, Harjeet Taggar, Gary Vaynerchuk, Brandee Barker, Brian Pokorny, Elad Gil and Susan Wu.
Kutcher is making a name for himself by investing in Berlin up-and-comers Gidsy, SoundCloud, Amen and others, while Yuri Milner’s DST Global holds a stake in Rocket Internet fashion retailer Zalando. Milner’s previous investments include Facebook, Twitter, Groupon, Spotify and Zynga (check out our leak on his secrets of success).
Pair – the “bedroom” of social networks
So, after all this name-dropping, what does Pair actually do? It’s a social app for couples, complete with shared private timeline, videos, drawings, activities and more. Instead of a “poke” there’s a “thinking of you” button. Romantic couples aren’t the only ones using the app – at least one pair of Berlin founders use it for what could probably be described as team-building.
Pair claims over 220,000 downloads since its premiere at Y Combinator’s demo day in Silicon Valley last month and 1 million messages already sent. Its founders – a five-person team – will use the fresh funds to expand its mobile development and design team (as you might expect).
Why this matters to Berlin
The more that investors with an interest in Berlin team up, even if it’s elsewhere, the more opportunities there are for interesting collaborations here in Berlin. A partnership between Pair and SoundCloud could be one to watch…
For related reading, check out:
Here’s how one Berlin founder and his developer are using Pair
The future of sexting? Introducing Pair, from Y Combinator’s Demo Day
Wait, Ashton Kutcher might actually be a smart investor