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Snap Alumni Launch Ghost Angels Fund
30 May
Summary
- Twenty Snap alumni founded the Ghost Angels fund.
- The fund backs pre-seed to seed AI startups.
- Focus is on next-generation social media and consumer tech.
A collective of 20 former Snap employees has established Ghost Angels, a new investment fund dedicated to supporting emerging social media ventures. The fund aims to formalize the existing network of Snap alumni angel investors. While the total capital raised remains undisclosed, Ghost Angels has already committed to at least five companies and intends to deploy its remaining resources across a minimum of 15 additional startups over the coming year.
Led by Max Rivera, who previously managed global partnerships at Snap, the fund strategically includes a diverse range of experience. This encompasses former senior executives and individuals earlier in their careers, fostering a broad spectrum of insights for deal evaluation and founder support. The fund is specifically targeting pre-seed to seed-stage AI startups.
Ghost Angels is observing a significant shift in social media, with a growing trend toward niche communities rather than generalized platforms. They are backing founders who leverage AI to enhance genuine social connections and support AI-native media formats and generative creative tools, thereby lowering creation and distribution barriers across various media types.
