Source: Crunchbase
Summary
Trace, a community-building platform, has raised $3 million in seed funding from investors including Y Combinator, Zeno Ventures, and Goodwater Capital. The funding will be used to further develop the platform. According to the company, Trace aims to help users build and manage online communities. The platform is currently in its early stages.
Our Reading
The launch follows a familiar script.
Trace is the latest platform to promise community building, with a price tag of $3 million. Y Combinator and other investors are betting on its success. The platform’s features are still unclear, but it’s already being touted as a game-changer. Because what the world really needed was another community-building platform. Trace is just the latest iteration of a very old idea.
Author: Evan Null
