Vingle (social network)

The company was launched on October 21, 2011, by Changseong Ho and Jiwon Moon, creators of Viki, which they sold for $200 million. In 2012 Vingle received Series A funding from K Cube Ventures. The co-founders had also invested $1 million in the company, and in its first four months, Vingle had about 600,000 unique monthly visitors. On Viki users would translate and subtitle television shows or movies, so Ho and Moon started Vingle to grow the number of interest groups and crowdsourcing projects that users could pursue on the site.

The social network was initially based on a South Korean website, but in 2014 moved to an iOS and Android app. That year the network had 2.3 million users and 100 million monthly page views across about three thousand interest focused communities.^[2] The app received 1.4 million downloads in its first year,^[3] and Vingle next began to expand into Japan and the United States.^[4] By late 2014, Vingle had four million monthly visitors from 105 countries, with content in twenty-six different languages.^[5][6] As of 2015, the company was valued at $1 billion.^[7]