Claim Funded $4M for Innovative Reward-Based Social Networking Platform


Claim, a San Francisco, CA-based Operator of a social application intended to turn brand discovery into a fun and social app experience. The company offers cash-back, exclusive access to events, and free merchandise just by shopping at a favorite brand. It lets customers share benefits with their friends by gifting and trading reward.

The Claim was funded $4 million led by Sequoia Capital with participation from Susa Ventures, BoxGroup, 6th Man Ventures, Reflexive Capital, A* Capital, GSW Ventures, The Kraft Group, Theia, Luke deWilde, and many other angel investors.

The company plans to use the new funding to hire fresh talent and grow its eight-person team over the next year. Claim will also use the funding to focus on testing and learning from an engineering perspective before expanding into new markets.

Founded in 2021, Claim has quickly gained attention with its innovative approach to social networking. Unlike traditional platforms, Claim integrates a reward-based system that allows users to earn points through engagement and interactions. These points can be traded among friends or redeemed for various services and products within the platform.

The idea behind Claim is simple yet transformative. Users earn points by creating content, engaging with others’ posts, or participating in community activities. These points act as a virtual currency within the platform, fostering a sense of accomplishment and incentivizing positive interactions.

Claim’s unique model could alter the landscape of social media engagement. CEO and co-founder Sam Obletz said they’re shifting the focus from passive scrolling to active, rewarding participation. Their platform is designed to make social media interactions more meaningful.

How Claim Stands Out

Reward System: Unlike any other social media platform, Claim rewards users for their engagement.

Community Building: Encourages users to participate and contribute to their communities actively.

User Experience: Focuses on positive and constructive interactions.

Flexibility: Users control how they use and distribute their earned points.

The concept has already stirred interest in the tech community. Market analysts predict that Claim’s model could introduce a new wave of social media platforms prioritizing active user engagement and tangible rewards.

As Claim moves forward with its innovative approach, it’s clear that the social media landscape might be on the brink of a significant transformation. This funding marks a milestone for the company and potentially for the entire industry, paving the way for a more interactive and rewarding social networking experience.

By: K. Tagura

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