What is Telepathic?
Telepathic is pioneering a new era of narrative creation and distribution, specifically targeting the 'Snapchat generation'. By applying 'lean' principles to the development and mobile-first delivery of mass-market fiction, the company aims to capture a substantial market opportunity. Their flagship product, HOOKED, is a mobile application designed to make reading fiction addictive, functioning akin to a 'Twitter for fiction'. The long-term vision extends to multi-channel story releases, encompassing apps, video, and virtual reality. The company was founded by Prerna Gupta and Parag Chordia, who bring extensive experience from the mobile app sector, having previously developed music applications like AutoRap that reached over 150 million users and produced viral videos with more than 300 million views.
How much funding has Telepathic raised?
Telepathic has raised a total of $1.2M across 1 funding round:
Unspecified
$1.2M
Unspecified (2015): $1.2M with participation from Foundation Capital, Greylock Partners, Rivet Ventures, and 500.com
Key Investors in Telepathic
Foundation Capital
Foundation Capital is a venture capital firm known for partnering with founders of category-defining technology companies, providing support from early stages through growth with deep operational and strategic expertise.
Greylock Partners
Greylock Partners is an established venture capital firm focusing on early-stage technology companies in sectors like consumer internet, enterprise software, and AI, with a history of backing prominent tech giants.
Rivet Ventures
Rivet Ventures is a firm with a diverse team experienced in company founding and venture investing, offering entrepreneurs strategic guidance on financings, business development, and user experience optimization.
What's next for Telepathic?
The recent major strategic investment signals a pivotal growth phase for Telepathic. This capital infusion is expected to accelerate the expansion of their storytelling platform, potentially enabling further development of their multi-channel content strategy across apps, video, and virtual reality. The company's focus on mobile-first fiction and addictive reading experiences positions it to capitalize on evolving media consumption habits among younger demographics. Future endeavors will likely involve scaling user acquisition, enhancing platform features, and exploring new narrative formats to solidify their market leadership.
See full Telepathic company page
