BeReal is one of the most well-known and trending social media platforms. It is in demand with almost everyone these days. It lets the users access various interesting features. Are you wondering, how does Bereal make money? Well then, we are here to give you a complete guide.
It generally gives the users a span of two minutes time to post the picture. It also gives the users a daily reminder to post a picture on Bereal and the reminder can come at any point in time in a day. With the given attention and the growing popularity many people often want to know how does Bereal make money?
BeReal wants to monetize the user base with paid features rather than by advertising. Just like other social media platforms, you have to pay a price to experience better features, if BeReal goes ahead with its plan. This might be BeReal’s business model.
In so many ways, it is the same as Instagram and Snapchat but the only difference is you cannot use any edits or filters while posting the picture. You have to post a picture that is real and authentic. If you are also wondering how does Bereal make money then you are at the right place. This article will provide you with all the information that you need to know about how does Bereal make money.
How Does Bereal Make Money?
Many people want to know how is BeReal making money. According to reports, Bereal does not make any money as of now. They are financing the business by collecting money from outside investors. Other social media apps like Clubhouse, Facebook, Snapchat, or Yik Yak that have come before Bereal also did not monetize the app in the early stages and Bereal went with the strategy. They will monetize once they have a stable user’s daily routine.
Image and video advertising is one of the easiest and most realistic options that can be used between the picture that your friends send you. Another way that can be used is sponsoring. The brands can promote challenges to their products and services in exchange for running the challenge. Many startups are thought to be sold to a larger platform. In conclusion, if Bereal make money or not the answer is no.
How Does BeReal Make Money Without Ads?
BeReal wants to monetize the user base with paid features rather than by advertising. Just like, other social media platforms, you have to pay a price to experience better features. This might be BeReal’s business model.
Does BeReal Sell Your Data?
No! BeReal doesn’t sell your data to any third-party applications. BeReal claims that it will not sell your data to third parties but still shares a large amount of personal information. Your name, birthdate, phone number, password, email address, transaction information, camera data sent from your phone, geolocation, and photos saved on your phone are all collected. After receiving the user’s approval via the terms and conditions or a pop-up, BeReal will preserve this data for two to three years.
What Is Bereal?
Bereal is a social media platform where you can share one picture with your friends in a day. You can stay in touch through constant communication while using the app. You first have to join the platform and then you can invite your friends to join the Bereal app also.
Bereal pictures can be taken within the app. It also allows the users to share pictures with the rest of the people as well as only with their friends. You can view all the pictures that you have posted on Bereal by going through the “Memories” section. Android and iOS devices, it is available for both.
New Social Media Platform: BeReal!
Bereal was launched in 2019 by Alexis Barreyat and Kevin Perreau. It is basically headquartered in Paris. They attended the French coding school 42 born2code which was started by billionaire Xavier Niel. In 2017 after they were done with their graduation they started working for different companies. Alexis Barreyat started to produce content for GoPro and Kevin Perreau has experience in digital consulting at Opteamis for more than four years.
The first version of BeReal was launched back in December 2019. In 2020, they worked on refining the app and until September they recorded around hundred downloads every month. By the 2020 end, the startup got a jump kick and it started gaining growth. It gained immense popularity mostly by people inviting their friends to join and use the platform.
Ever since then there has been an increased in popularity and many people have installed the app ever since then. Today, Bereal is one of the most widely used apps and it is used in various countries.
BeReal Funding & Valuation
BeReal, according to Crunchbase, has raised a total of $30 million across two rounds of venture capital funding.
The young company counts world-class investors such as Accel, Andreessen Horowitz, DST Global, and others as backers.
Since BeReal remains in private ownership, it is not obligated to disclose its valuation to the public. However, various reports about the firm’s last funding round have said that BeReal was valued at $150 million during the funding round.
Who Owns BeReal?
Alexis Barreyat and Kévin Perreau, the founders of BeReal, remain the largest shareholders of the company.
As stated before, the company had been valued at $150 million during its last funding round, which netted them $30 million.
This means that they gave up 20 percent of the company (= $30 million / $150 million). A month prior, BeReal raised a seed round at a €10 million valuation.
Unfortunately, it was not disclosed how much in funding the founders raised. Given that the two founders were the only ones working on the product at the time, it can be assumed it won’t have been more than €2 million.
Does BeReal Have A Stock?
No! Bereal does not have stocks as yet. BeReal doesn’t have stock yet, meaning interested investors will need to go through the private capital market. And for that, you have to be an accredited investor, which requires a net worth of at least $1 million or a certain level of trading experience. BeReal stocks may be publicly available someday, but its management hasn’t yet discussed the IPO plan about BeReal invest.
Wrapping Up
Here comes an end to our post about does BeReal make money.As of now, there is no way that Bereal make money but there’s always a possibility in the future. Bereal make money can happen in the future. If you also wanted to know how Bereal make money then we have answered all the questions for you. This article will provide you with all the information that you need to know about how Bereal make money.
Frequently Asked Questions
1. Can BeReal Make Money?
According to reports, Bereal does not make any money as of now. They are financing the business by collecting money from outside investors. Other social media apps like Clubhouse, Facebook, Snapchat, or Yik Yak that have come before Bereal also did not monetize the app in the early stages and Bereal went with the strategy. They will monetize once they have a stable user’s daily routine. Image and video advertising is one of the easiest and most realistic options that can be used between the picture that your friends send you. Another way that can be used is sponsoring. The brands can promote challenges to their products and services in exchange for running the challenge. Many startups are thought to be sold to a larger platform.
2. How BeReal Has Started?
Bereal was launched in 2019 by Alexis Barreyat and Kevin Perreau. It is basically headquartered in Paris. They attended the French coding school 42 born2code which was started by billionaire Xavier Niel. In 2017 after they were done with their graduation they started working for different companies. Alexis Barreyat started to produce content for GoPro and Kevin Perreau has experience in digital consulting at Opteamis for more than four years.
The first version of Bereal was launched back in December 2019. In 2020, they worked on refining the app and until September they recorded around hundred downloads every month. By the 2020 end, the startup got a jump kick and it started gaining growth. It gained immense popularity mostly by people inviting their friends to join and use the platform.
3. What Is BeReal?
Bereal is one of the most well-known and trending social media platforms. It is in demand with almost everyone these days. It lets the users post pictures without any edits and filters. It also gives the users a daily reminder to post a picture on Bereal and the reminder can come at any point in time in a day.
Bereal pictures can be taken within the app. It also allows the users to share pictures with the rest of the people as well as only with their friends. You can view all the pictures that you have posted on Bereal by going through the “Memories” section. Android and iOS devices, it is available for both.
