Teenage Trivia App ‘Totally Bored’ Raises $250K in Seed Funding from Internet Entrepreneur O.D. Kobo
Aug. 22, 2018
LOS ANGELES--(BUSINESS WIRE)--Aug 22, 2018--Totally Bored, a clever new trivia app founded by millennials for millennials has recently raised $250,000 in seed funding. Co-founder and 19 year old CEO Gal Michaeli says his app is funny, addictive and simple enough to be enjoyed by all. He says “It’s perfect for those sleepless nights, or when you are stuck in class, or at the airport, basically when you are 'totally bored’, thus the unusual yet suitable name.” Totally Bored is currently available for download at the App Store. The team will use the new funds to launch an Android app and market to high schoolers and college students across the US. Since its soft launch 3 months ago, Totally Bored has been downloaded by 50,000 kids, some reported to be spending an hour or two on the app each day.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180822005490/en/
Totally Bored, available for download at the Apple App Store (Graphic: Business Wire)
When asked how he managed to raise the capital, Gal said, ‘’I tried to meet with the VC’s but they never reply to emails - and I must have sent hundreds. Through a friend of my dad’s, I got the chance to meet with O.D. Kobo for lunch. I let him play with the app, he loved it, and by the time dessert arrived he agreed to invest $250K in our seed round. This was amazing because not only did he instantly understand the concept, he didn’t waste time.”
Oded ‘O.D.' Kobo is an accomplished internet entrepreneur and businessman with $250 million in technology related exits over the last two decades. He has assisted various startups and private equity groups in raising nearly $1 billion.
When asked about his recent investment in Totally Bored, he answered, “It’s simple and clever. Gal is young, but seems like he has a big future ahead. I think he has the potential to make it really popular, you never know, but it took me all of 5 minutes to fall in love with it.”
Over the past 8 months, O.D. Kobo has invested $7.5M in various early stage startups, including Addoo, GiveHope.com, Totally Bored, and a stealth blockchain project.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180822005490/en/
CONTACT: Totally Bored
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: ENTERTAINMENT TECHNOLOGY CONSUMER ELECTRONICS SOFTWARE MOBILE/WIRELESS TEENS MOBILE ENTERTAINMENT CONSUMER
SOURCE: Totally Bored
Copyright Business Wire 2018.
PUB: 08/22/2018 11:48 AM/DISC: 08/22/2018 11:48 AM