Arpex Capital gives USD 200,000 in seed funding to Backdoor
Los Angeles, California-based startup Backdoor was able to raise USD 200,000 in seed funding from ArpexCapital. Backdoor was created by Daniel Singer, a 14-year old teen prodigy. Backdoor said it would use the proceeds to continue its work in making innovations to the messaging space. It will also use the funds to grow in new markets.
A popular anonymous messaging app, Backdoor enables users to anonymously send messages to their friends and family. The recipient of the messages, however, will still be able to find out more about who is sending the messages by using clues like gender, work, interests, school and the like. Backdoor is a free service built on two platforms. According to the messaging app's website, users can sign in using Google or Facebook. The messaging app was launched in July and is available for free at the App Store. The app requires at least the iOs 5.0 and is compatible with the iPhone, iPad and iPod Touch. The App Store said the app is optimized for use with the iPhone 5.
Singer said about the financing, "I'm proud to be able to push the messaging industry forward with ArpexCapital as a great addition to our ever growing team. ArpexCapital understands the worldwide vision we have for Backdoor and this seed round will allow us to greatly expand the platform and add new industry-leading innovations to the app."
Tech prodigy Daniel Singer also created YouTell.com. The site allowed millions of users to post anonymous answers to questions posted there. YouTell describes the service as an innovative method of giving and receiving feedback.
ArpexCapital was formed by a small group of partners with strong backgrounds in entrepreneurship. It is based in Brazil. According to its website, ArpexCapital said it understands the immense challenges faced by entrepreneurs. The firm said their aim was to help get past those challenges in order to succeed in their business in Brazil and abroad.