Digital business card startup Blinq raised $5 million in its seed funding round.
Venture capital funds Blackbird and Square Peg Capital co-invested in the round, for the first time since Canva.
“Blinq is one of the fastest growing platforms we’ve seen in recent years. Just as Twitter and Airbnb took off at events like South by Southwest, it’s exciting to see Blinq do the same this year,” said Rick Baker, Partner at Blackbird.
“The last time Square Peg and Blackbird co-invested in a seed-stage startup, the result was Canva. With many social networks leading to identity fragmentation, Blinq creates a way to help people manage, control and share their identity in one place. We see such an exciting opportunity with what Blinq is building.
As paper business cards slowly turn into redundancy, Blinq’s digital solution allows users to share their digital identity using a QR code. This will reveal the individual’s profile, including the email signature, and has the option of a video call background.
Founder Jarrod Web, started the company after a career as a software engineer where he worked at Uber Eats. As QR adoption skyrocketed during the pandemic, Webb left the food delivery service to work on accelerating Blinq’s growth.
According to Webb, “The paper business card has been obsolete for decades, but we’ve never had something that could truly replace it. With QR codes becoming more common during the pandemic, now it’s easier than ever quickly share your information, manage it from anywhere and keep it up to date.
“The first interaction is the foundation of a business relationship and with it brings future opportunities. People use Blinq to improve that moment of connection.
Blinq integrates with CRM platforms, including Salesforce, HubSpot, and Azure AD, to develop a lead pipeline, with an opportunity for follow-up.
According to Square Peg Director James Tynan, “The Contacts app is essentially the same as it was before the advent of the iPhone. It’s time for a connected identity layer that never goes out of style, and we’re excited to working with a founder like Jarrod who has the vision and the ability to make that future a reality.”
The capital raised will be directed towards expanding the product team to develop new features for the app.