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A Miami-based adult content platform backed by The Chainsmokers has raised $10.2 million in seed funding, CEO David Gross tells Axios.
Why it matters: Florida is a pretty major porn hub, as WLRN reported. The state's estimated 175,000 adult content creators are second only to California, according to 2023 data from the Free Speech Coalition.
- The funding underscores continued investor interest in the creator economy, and specifically for adult content.
How it works: Founded in 2020, Slushy offers a platform for creators to share free and paid content that can include nudity.
- In the first quarter of 2024, Slushy reached 1 million users and 10,000 creators.
Catch up quick: Prior to building Slushy, Gross founded and exited three companies: SolveBio, 5by and TwitterAudit.
- Cofounder Josh Metz previously worked as director of marketing at Tinder and now serves as CMO of Slushy. The other founders are Fred Spivock, the CTO, and influencer Julia Rose, head of talent.
Zoom in: Existing investors The Chainsmokers' Mantis VC, Electric Feel Ventures, former Shutterstock CEO Jon Oringer and Tinder co-founder Sean Rad participated in the seed round.
Zoom out: Slushy is an alternative to OnlyFans, a U.K. company that topped $1 billion in revenue with $525 million in profit in 2022.