ConsumerTechOct 18, 2026

IRL raises $200.0M (Oct 2026)

$200.0M
more than $200 million

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Backed by SoftBank · verified emails and LinkedIn on Datapile

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Headline

IRL, a social app valued at $1 billion, shuts down after revelation that most of its users are fake - Mashable

About

IRL was a social app designed to connect young people and help them discover events, both online and offline. Despite overcoming early pandemic challenges and reaching 20 million users, the company is shutting down due to revelations that 95% of its user base consisted of bots or automated accounts. This led to investigations by the board and the SEC.

Article summary

IRL, a social app valued at $1 billion, shuts down after revelation that most of its users are fake  Mashable

Founder
Abraham Shafi
Abraham Shafi
CEO
Investors · 1
SoftBankLead
FUND
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