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Livestream app Favorited, a new TikTok alternative, snaps up $1.3M
This month, drama unfolded across mainstream social media platforms like TikTok, which briefly went dark in the U.S. before a rapid return. Instagram Livestream app Favorited, which closely resembles TikTok Live, announced its $1.3M pre-seed funding round.
Tesler is the creator of the anonymous Q&A app Sendit, while Ferraro’s experience includes working with companies such as Curiosity.com, Famous Birthdays, and Fourthwall. Screenshot Image Credits: FavoritedIt remains to be seen whether Favorited can keep up with mainstream platforms, but it appears to be performing well and has already attracted impressive investors in a competitive market. Looking ahead, the company plans to scale globally and is in discussions with strategic investors about additional external capital, although Ferraro noted that it doesn’t necessarily need it.
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