Following the successful launch of CityHour, its innovative business networking app that has experienced a 600% surge in users over the last two months, TrueBear Corporation today announced that it has opened its seed round of financing and is seeking a total of $1.5M. Initially backed with an Angel investment of $500K, CityHour has raised the standard of what business networking apps should do. In fact, a panel of experts at the recent Macworld/iWorld selected CityHour for their Innovation Showcase which featured only the best new products at the show.
Said Alex Lubinsky, Founder and CEO of TrueBear: "We believe the LinkedIn apps are a basic expansion of collecting contacts without the ability to truly connect via face-to-face meetings and as such, have missed a significant opportunity. Other social discovery companies like Tinder who have expressed interest in expanding into business networking may find it extremely challenging to go from the purported promiscuous to the professional."
Developed exclusively for arranging face-to-face business meetings - a critical inability found in competitive apps - CityHour fills a tremendous need as business professionals and job-seekers look for effective networking tools in a slow-moving economy. CityHour quickly syncs with your LinkedIn or Facebook account, and a customizable set of search criteria ensures you connect to people with similar business interests and goals. It can even find a nearby venue in which to meet.
Adds Lubinsky: "Our biggest growth has come from users located in the major U.S. business hubs, but we're also excited by the promising results coming from Europe and Asia. With this round of financing, we hope to quickly accelerate user acquisition and firmly establish CityHour as the premier business networking app on the market."
Free to download and free to use, CityHour 1.2 is available worldwide exclusively through the App Store in the Social Networking category. Versions for iPad and Android scheduled for later this year.