Barq Valuation, Funding & Investors

Mafengwo is a Beijing-headquartered online travel platform featuring user-generated content with over 10 million travel guides covering 95 percent of global destinations. The site aggregates reviews for hotels, flights, and itineraries while integrating booking services from partners like Ctrip and Booking.com. Mafengwo serves more than 100 million monthly active users in China, offering visa assistance, insurance options, and travel deals. Acquired by Trip.com Group in 2015, it continues to expand social features and mobile apps downloaded over 100 million times.

hOp is a hyper-local community platform headquartered in Austin, Texas, founded in 2015, enabling neighbors to build customized online groups. Its app fosters communication for local events, marketplace sales, and neighborhood alerts, achieving five times the engagement of traditional social media in targeted areas.

RUM Group Inc focused is to maximize the power of human imagination through an independent technology ecosystem built on privacy, resilience, and an open alternative to Big Tech. Rumble gives human creativity a voice, a video and media platform built for creators and audiences who value free expression. Quake AI is a cloud and AI-infrastructure business, delivering the compute, data-center capacity, and blockchain infrastructure for the agentic era.

Newborn Town is a Hong Kong-listed mobile internet company focused on global social-entertainment applications. Its social-networking portfolio includes products such as MICO, SUGO, Blued and TopTop, supported by localized operations in multiple international markets. The group also runs innovative businesses that include advertising services, games and social commerce. Newborn Town earns most of its revenue from social-networking products through user spending and related platform activity. In 2023 it acquired control of the fund structure holding BlueCity and began consolidating BlueCity’s LGBTQ social-platform business. The company had previously participated in BlueCity’s privatization through the same investment structure. Haitong Kaiyuan was an early investor in Newborn Town Mobile Technology and had sold its remaining underlying interests by February 2023.

mixi Inc is a Japanese company that provides social networking services. The company conducts its business activities mainly through the operation of websites and the provision of native smartphone games on the Internet. Its business segments include the Digital Entertainment Business, Sports Business, Lifestyle Business, and Investment Business. Mixi provides games mainly including native smartphone games through the Entertainment Business, and operates business-to-consumer and consumer-to-consumer services utilizing the Internet and invests in operating companies of these services through the Media Platform Business.

Babytree is a Shanghai-headquartered parenting community and e-commerce platform dominating China's maternity market. Launched in 2007, it hosts forums for peer advice, expert Q&A on weaning and vaccinations, and online sales of diapers, apparel, and gear from brands like Pampers and Johnson's, reaching urban families in Beijing, Guangzhou, and beyond via babytree.com.

Grindr Inc is a social networking app for gay, bi, trans, and queer people. It is a social network that brings together gay and bisexual men who want to meet other men close to them in a completely discreet and anonymous way, without having to give any personal information or having to fill out a profile with confidential information in order to register.

Trump Media & Technology Group Corp is a media and technology company rooted in social media, digital streaming, information technology infrastructure, and more. Its initial product launch will focus on its social media platform, Truth Social, which encourages an open, free, and honest conversation without discriminating against political ideology.

Weibo Corp is a China-based company mainly engaged in the social media advertising business for people to create, discover and distribute content. The company's activities include Advertising and Marketing, which mainly provides a full range of advertising customization and marketing solutions. The Value-added Services mainly provide services such as membership services on social platforms, online games, live broadcasts, social e-commerce, and others. The Company's main product is the social platform Weibo.

OpenWeb is an engagement platform using AI to moderate comments and foster civil discussions on news sites. New York-headquartered with Tel Aviv offices, OpenWeb protects 700 publishers including Reuters and BuzzFeed, serving 100 million monthly users. Founded in 2012, it employs ML models to detect toxicity and incentivize quality interactions, backed by Insight Partners.

Strava is a San Francisco-headquartered mobile app for athletes tracking runs, bike rides, hikes, and swims via GPS, aggregating data on distance, elevation, and pace. The platform hosts 100 million user accounts, integrates with Garmin and Apple Watch devices, and organizes virtual challenges with leaderboards across segments in 190 countries.

DeNA Co Ltd is a social media service provider in Japan. It generates majority of the portion of its revenue by providing social media and Internet marketing-related services through its Social Media segment. The E-commerce segment offers E-Commerce related services, including the operation of auction shopping and cellular phone websites under the names DeNA shopping and Mobaoku, respectively. The Others segment is engaged in travel agency and insurance agency services, and professional baseball related business. The company has its primary market in North America.

Strive Inc is a structured finance company and institutional asset manager focused on disciplined capital allocation and long term value creation. The company has adopted bitcoin as its hurdle rate for capital deployment because of its fiduciary duty to maximize long-term value for stockholders, and compounding purchasing power over time. It operates in two reportable operating segments: the Asset Management segment, which provides investment advisory services and the Corporate & Other segment, which includes the company's bitcoin treasury operations. The majority of the revenue is derived from the Asset Management segment.

Webtoon Entertainment Inc is a storytelling platform where a vibrant community of creators and users discover, create and share new content. It has pioneered a cultural movement by revolutionizing the storytelling format and democratizing content creation and publication connecting creators with active users around the world.

Miaopai is a Beijing-headquartered developer of mobile applications for short video sharing and editing. Its core app allows users to record, customize, and upload 15-second clips with filters, music, and effects, integrated with Sina Weibo for wider distribution. Acquired by Yixia Technology in 2015, Miaopai supports live streaming and community challenges. The platform originated from Xuanyixia Technology founded in 2011 by Chan Sheng and Han Kun, establishing a presence in China's social video market.

World is an open identity and financial network previously marketed under the Worldcoin name. World ID lets an individual prove that they are a unique human online without disclosing conventional identity details, while World App provides credentials, a self-custodial wallet and access to financial and consumer applications. World Chain is an Ethereum layer-two blockchain designed to prioritize verified humans and support applications built for the network. Developers can integrate World ID, deploy Mini Apps and build on World Chain using the project's public software and documentation. The network serves consumers, application developers, enterprises and public organizations that require privacy-preserving proof of human. Worldcoin, or WLD, is the protocol's native token and supports participation in the ecosystem. Tools for Humanity developed the Orb hardware and World App, while the World Foundation coordinates the open protocol, so World is not structured as a conventional single-product operating company.

OnlyFans is a subscription platform founded in 2016 and headquartered in London, England. Creators earn revenue by sharing content with fans through paid subscriptions, tips, and messages across various genres.

Clubhouse is a San Francisco-headquartered audio social network enabling live, drop-in voice conversations in topic-based rooms. Launched in beta in 2020, it gained 10 million weekly active users by early 2021 through invites-only access on iOS. Features include speaker-listener modes, recordings, and spatial audio, attracting celebrities and creators discussing tech, music, and news worldwide.