Stealth startup Favs raises ~$1M for its close-friends-only social network

Key Facts

• How exactly Favs aims to disrupt this paradigm is something Karim isn’t yet ready to share, saying only that the network will focus on friends’ updates and what’s really going on in their lives.
• However, we understand Favs may share some broad similarities with apps like Catchup and Moments, in that it will smartly remind you when it’s time to reconnect with friends, but in a different way than they do.
• Instead, Favs will scour your contacts to determine who are most likely your closest connections by examining those whose profiles are more filled out or that include a photo, then provide a way for you to keep up with their updates — even if they’re not using the app.
• But, as it turns out, enough investors were in for the app to raise its nearly $1 million pre-seed and it’s already receiving inbound for a seed, despite not needing those funds until next June.

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