Orange Pill App Raises $250K in Pre-Seed Funding for Bitcoin Social Networking

Orange Pill App, a social networking platform designed to foster real-world connections among Bitcoin enthusiasts, announced a successful raise of $250,000 in pre-seed funding.

The investment round was spearheaded by Lightning Ventures and included participation from various angel investors, such as NBA star Matthew Dellavedova and the Barefoot Bitcoin Fund.

Having launched in November 2022 and being available to users globally on both iOS and Android, Orange Pill App aspires to merge the virtual world with the physical power of face-to-face connections. 

The platform’s core mission centers around building and nurturing tangible communities of Bitcoiners, strengthening relationships beyond mere online contact, and laying a strong groundwork for the Bitcoin Parallel Economy.

"As we continue to add features to our platform, we are laser-focused on creating the tools for the Bitcoin Parallel Economy and connecting Bitcoiners to each other and the experiences and services that matter to them," said CEO Matteo Pellegrini.

Since its inception, Orange Pill App has made remarkable strides in global outreach, engaging a diverse user base across 71 countries.

Mike Jarmuzz, General Partner at Lightning Ventures, praised the efforts of Pellegrini and his team, stating that Pellegrini stands out as one of the most dedicated and industrious entrepreneurs he has encountered. 

Jarmuzz added that Lightning Ventures is privileged to have been part of Pellegrini and his team's journey from the very beginning.

Bob Burnett, Managing Partner at Barefoot Bitcoin Fund and CEO of Barefoot Mining, resonated with these sentiments and underlined the importance of a platform like Orange Pill App within the Bitcoin community. 

He said, "a platform that fosters connections within the Bitcoin community is vital for its expansion, well-being, and evolution. The Orange Pill App serves this purpose, and that's why I am elated to see the Barefoot Bitcoin Fund contribute to this significant endeavor."