StepOut

StepOut

Ever wondered who likes you nearby? Stepout is going to change the way you meet new people.. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$25m (Public information from Sep 2013)
New York City New York (HQ)
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DateInvestorsAmountRound
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N/A

-
N/A

N/A

Seed

$1.2m

Angel
N/A

$147k

Debt

$3.1m

Series A

$2.5m

Series A

$25.0m

Valuation: $25.0m

Acquisition
Total Funding$6.8m

Recent News about StepOut

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Stepout.com, operating under the brand Twoo, is a global social networking platform designed to facilitate connections between individuals from around the world. The platform allows users to chat, share photos, and engage in fun introductory games, making it a versatile tool for social interaction. Twoo is available in over 200 countries and supports 38 languages, making it accessible to a diverse user base. The platform boasts over a million new connections daily, emphasizing its active and engaged community of real users.

Twoo primarily serves individuals looking to expand their social circles, make new friends, or even find romantic partners. The platform operates in the highly competitive social networking market, where user engagement and retention are critical for success. Twoo's business model is based on a freemium approach, offering basic services for free while monetizing through premium subscriptions and in-app purchases. This model allows users to access additional features such as enhanced visibility, ad-free experience, and advanced search options, thereby generating revenue.

The company also leverages digital advertising as a revenue stream, participating in programs like the Digital Advertising Alliance to offer interest-based ads. This dual revenue model of subscriptions and advertising helps Twoo maintain financial stability while continuing to grow its user base.

Keywords: social networking, global platform, chatting, photo sharing, introductory games, freemium model, premium subscriptions, digital advertising, user engagement, multilingual support, active community.