twine, a San Francisco, CA and NYC-based company that provides virtual, hybrid and in person networking solutions for events and remote teams, raised $3.3M in seed funding, bringing its total funding to $4.7M.
The round was led by Moment Ventures with participation from Coelius Capital, AltaIR Capital, AltaClub, Mentors Fund, Rosecliff Ventures, and Bloom Venture Partners. Clint Chao, founding Partner at Moment, will join twine’s board of directors.
Founded by Lawrence Coburn, Taylor McLoughlin, and Diana Rau, veterans of event technology pioneer DoubleDutch (acquired by Cvent in 2019), twine provides an initial product, which, used by customers such as Microsoft, Amazon, Forrester, and more, matches participants for rotating, one-to-one conversations around structured topics.
The company also announced the launch of its “Cyber Cafe” release, which includes a small group networking format, as well as new, branded experiences. It allows groups of up to 5 to network and collaborate within brandable, customizable, virtual networking rooms. The Cyber Cafe product release is in private beta, and will be generally available in July.