On Thursday, Realworld, a startup company that helps young adults navigate through adulthood, unveiled the business raised $3.4 million.
About the Business
Founded in 2017, Realworld is a startup company with a mission of “simplifying adulthood” by offering resources to young adults to help them make smart, informed decisions. The company focuses on educating its audience in a variety of areas, including finance, health, work, and government, among others.
CEO and founder of the startup company, Genevieve Ryan Bellaire, said in an interview with TechCrunch that she created the startup company because she felt she was “just totally unprepared for all these real-world things” when she was in her early twenties. She added, “There’s tons of content out there that can tell you to fill out this form to sign up for a credit card, but you don’t know what you don’t know...There’s not one place that defines adulthood.”
Currently, the business is only offered through a website but has plans to launch a mobile app later this year. The startup company has a blog and podcast that users can access to learn more about becoming an adult and the obstacles or skills that come with it.
As of now, the business outlines 15 fundamentals to entering and managing adulthood with more than 90 playbooks to assist young adults with any questions or concerns they may have. In addition, the services offered by Realworld are available for free or a premium subscription.
Crunchbase data indicates the startup company has raised a total of $4.5 million in two funding rounds.
$3.4 Million for Realworld
It was reported yesterday that Realworld completed a seed round of funding, resulting in the business raising $3.4 million led by Fitz Gate Ventures with featured participation from Jeff Bezos’s Bezos Expeditions, Knightsgate Ventures, The Helm, AmplifyHer Ventures, and several others.
With the app launching soon for the startup company, Realworld could integrate a marketplace of services that could help users achieve goals and establish a community where people can share their stories and offer advice.
Partner at AmplifyHer Ventures Meghan Cross Breeden noted as well that the business could “corner the market on life milestones” for “every future milestone…in the long-haul of adulthood, from buying a home to caring for a parent.” This provides an opportunity for Realworld to grow with its users as they age.
Realworld acts as a one-stop shop for young adults who are seeking some guidance on how to handle the challenges life may throw at them.
The business is just one example of services across a variety of industries like food delivery startup Deliveroo, which recently went public in March; fintechs Lemonade and Plaid, which raised $425 million this week; edtechs, health techs, and more that operate with the mission of simplifying areas in life, and in some cases, expediting things for people, as a means to decrease stress or ease uncertainties they may have.
McKenzie Carpenter is a graduate of Central Michigan University with a B.A.A. in Integrative Public Relations and French. McKenzie has previously worked for small businesses and nonprofit organizations.