Global Reach: Social Discovery Group's Investment Projects
By David Thompson
Aug 03, 2023 11:48 AM EDT
Aug 03, 2023 11:48 AM EDT
Social Discovery Group(Social Discovery Group) (Credit: Getty Image)
Social Discovery Group has a mission to solve the problem of loneliness, isolation, and disconnection with the help of digital reality. We invest in, develop and support social discovery startups around the world directly or via VC Funds to back companies that have communication and connection at the heart of their model.
Dmitry Borisovich Volkov founded Social Discovery Group in 2014, and set out to support startups that have the potential to positively change the way people connect and interact in this digital age. Volkov realised the power technology had in forming meaningful social interactions. With an understanding of social dynamics and the unexplored possibilities of technology, he aimed to provide investments for the companies which shared the same passion for community building and social networking.
Social Discovery Group's investment projects cover an industry of social discovery and have brought together different companies focused on building and designing Social Life 3.0. Some investments include:
OpenAI: OpenAI is a research organisation dedicated to challenging the conventions of artificial intelligence for the betterment of humanity. The organisation creates tools and resources that make AI easily available to everyone, no matter where they're located or who they are. One of their projects that uses machine learning algorithms and natural language processing, ChatGPT, became extremely popular, attracting over a hundred million monthly active users within a mere two months of its launch. This has made it officially the fastest-growing consumer application in history!
Patreon: Patreon is a worldwide online subscription platform that equips content creators with impactful business tools that give them a chance to get their name out there by offering exclusive rewards and perks to their loyal subscribers. This platform makes it easier for creators to generate a steady monthly income and focus on their creative expression rather than constantly trying to keep afloat financially.
EVA AI: EVA AI strives to create the highest quality artificial life product which immerses people into the virtual world. This innovative product allows to form a unique and profound connection with an AI companion who actively listens, responds and understands you. EVA AI has its own character which possesses its own distinct features and is capable of sharing thoughts and emotions as it familiarises itself with the user.
K Health: K Health is a company that focuses on providing high-quality healthcare for everyone, no matter where they are. Their app and web platform uses AI to bring together medical experts' knowledge and information about patients. K Health makes it easier to diagnose and treat illnesses effectively by empowering doctors and users with information on experiences of others who had similar symptoms and conditions.
Social Discovery Group is dedicated to expanding its global reach by investing in global social discovery startups that address the challenges of disconnection and loneliness in society and leverage technology for social good.
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