Claim, a social network that connects friends through their favorite brands, raised $4M in seed funding

Claim, a social network based in San Francisco that connects friends through their favorite brands, raised $4M in seed funding led by Sequoia Capital, with contributions from several other investors including Susa Ventures and BoxGroup. The funds will be used to expand operations and development.

Co-founded by CEO Sam Obletz and CTO Tap Stephenson, Claim allows friends to earn cash back, exchange rewards, and redeem together by shopping at their favorite brands. The platform emphasizes real-world value and communal experiences over manufactured content. Users' profiles are based on verified transactions linked to their credit cards, ensuring authenticity.

Interaction on Claim occurs through "multiplayer rewards," where users can exchange rewards, explore new places together, and earn status from brand spending. Weekly "drops" reveal new rewards that users can redeem, gift, or trade seamlessly, receiving cash back via Venmo. Claim collaborates with various brands, from major corporations like PepsiCo to emerging fashion brands and restaurants.

#socialcommerce