Snap alums unveil Ghost Angels fund
A group of Snap alumni has launched a fund named Ghost Angels to support emerging social media startups. The fund aims to invest in at least 15 companies over the next year, focusing on pre-seed to seed AI startups. Max Rivera, the fund's founder, emphasizes the importance of diverse experiences in evaluating deals and supporting founders.
- ▪The Ghost Angels fund is backed by 20 Snap alumni and aims to invest in the next generation of social media.
- ▪The fund has already supported at least five companies and plans to deploy remaining capital into at least 15 more.
- ▪Max Rivera, who founded the fund, highlights a shift in social media towards niche communities and innovative monetization models.
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A group of 20 Snap alumni has come together to launch a fund called Ghost Angels to back the next generation of social media. The fund declined to disclose how much it has raised so far, but says it has backed at least five companies and plans to deploy the remaining capital within the next year into at least 15 companies. Max Rivera, who once led global partnerships at Snap, started the fund in 2025 to formalize the already-growing Snap alumni angel-investing community. Though Rivera runs the fund, there are around 20 other founder members and investors, including a small number of those still at Snap, alongside alumni like Alexandra Levitt, who ran Snap’s corporate accelerator, and Will Wu, who was a founding member of Snap’s product and design team.
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