SPILL

Ex-Twitter Team Launches a Competitor

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Company Information

Website:

https://www.spill.com/

Sector:

Mobile Software & Services

Location:

Los Angeles, CA

Over the next two years, experts believe that more than thirty million people will migrate from social-media platforms like Meta and X.

Where will they go? Many are already heading to SPILL, a rising social-media experience.

This company has already raised more than six million dollars from investors like MaC VC, Collide, Greylock, and Bessemer. And its platform reached No. 1 in the Apple App Store — and amassed 500,000 downloads — within three weeks of launching a beta version.

What makes SPILL so intriguing? To help answer that, consider the current social-media experience.

Almost forty percent of U.S. social-media users have experienced some form of hate speech or harassment in the last twelve months. And as mentioned, they’re leaving their favorite platforms in droves because of it.

From 2020 through 2022, Facebook lost one million daily-active users (DAU) in the U.S. and Canada. And X lost twenty percent of its U.S. DAU, and sixty percent of its advertisers, in 2023 alone.

SPILL offers a safe, friendly alternative. It’s a social-media platform offering three main features:

Culture — enabling users to stay informed.

Connection — enabling users to meet new people.

Commerce — enabling users to monetize their brand.

SPILL was created by industry veterans with experience in social media, Artificial Intelligence, and data content. Prior experience includes Google, Meta, Pinterest, and X.

SPILL launched in 2023 and was named Apple’s App of the Day in February 2024. Early advertising customers include Paramount+, CBS, Showtime, Sony Pictures, and Amazon Prime.

With funds raised, SPILL will invest in product development, team expansion, and monetization scaling.

Team Background

Alphonzo Terrell - Co-Founder & CEO

Alphonzo is an award-winning creative executive with experience in the film and social-media industries.

Prior to starting SPILL, he was Global Head of Social and Editorial with Twitter. Before that, he was Director of Digital and Social Marketing with HBO and a digital-marketing manager with Showtime.

Earlier in his career, he co-founded NewMerika, an entertainment and content-ownership company. Before that, he was Director of Marketing with Island Def Jam Music Group. He started his career in the music industry, working for Sony Music Entertainment.

Alphonzo earned a Bachelor’s degree in American Studies from Columbia University.

Kenya Parham - Chief Growth Officer

Kenya is a two-time startup founder who’s served as an advisor to major entertainment studios.

Most recently, she was CEO of Game Ready Performance, a wellness company focused on improving sports performance. Before that, she founded Parlay Think Tank, a marketing-strategy business.

Prior to that, Kenya was a brand-strategy writer with The Smiley Group, an advertising company. Before that, she worked as Director of Legislative Affairs with California State University, Northridge, where she studied Political Science and Government.

Nikki Blake - Director of Engineering

Nikki is a mobile-development specialist. Prior to working with SPILL, she held a technical position with Google.

Co-Investors

Greylock Partners

One of the oldest venture firms, with committed capital of more than $2 billion. Portfolio includes Airbnb, Facebook and LinkedIn.

Bessemer Venture Partners

A venture-capital firm whose portfolio includes LinkedIn, Shopify, and Pinterest.

Raising
$1.24 million
Committed
$309.54K (25%)
Current Valuation
$20 million Cap / 0% Discount
Min. Investment
$250
Deal Type
Title III
(For all investors)
Offering Type
SAFE
Finance History
Notable Investors
  • Greylock Partners
  • Bessemer Venture Partners
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