What is Afference?
Founded in 2022, Afference is at the forefront of developing innovative wearable devices designed to bridge the gap between the digital and physical realms through seamless tactile experiences. The company's technology aims to revolutionize how users interact with digital content, offering a new dimension of sensory engagement. This focus positions Afference within the rapidly expanding market for advanced human-computer interaction and immersive technologies.
How much funding has Afference raised?
Afference has raised a total of $5M across 2 funding rounds:
Other Financing Round
$1.5M
Angel/Seed
$3.5M
Other Financing Round (2023): $1.5M with participation from Konvoy Ventures
Angel/Seed (2024): $3.5M led by Samsung NEXT, Hannah Grey, and Konvoy International
Key Investors in Afference
Samsung NEXT
Samsung NEXT, established in 2012, supports Samsung's hardware ecosystem by developing software and services. They integrate product development, investment, and partnerships to foster innovation.
Hannah Grey
Hannah Grey is a venture capital firm that invests in early-stage companies redefining customer experiences. They focus on pre-seed and seed stages, particularly in the US, with an interest in SaaS, healthcare, and sustainability.
Konvoy International
Konvoy International provides expedited logistics services, including air, ocean, and ground heavy weight shipping, project management, and warehousing. They focus on efficiency and customer satisfaction in North America and globally.
What's next for Afference?
With the recent injection of major strategic capital, Afference is poised for significant expansion. The company is likely to focus on scaling its manufacturing capabilities, enhancing its product offerings, and broadening its market reach. This funding round, characterized as enterprise-level, suggests a strategic push towards commercialization and establishing a strong foothold in the competitive wearable technology landscape. Future developments may include strategic partnerships and further technological advancements to solidify its position.
See full Afference company page
