Snap alumni launch Ghost Angels fund

Former Snap employees have launched Ghost Angels, a new venture fund focused on backing early-stage AI startups in the social media and consumer sectors. While the total amount raised remains undisclosed, the fund has already invested in five companies and plans to support at least 15 more within the next year. The fund aims to leverage the expertise of its 20 founder members, including former senior executives and early-career professionals, to identify and nurture the next generation of social media platforms. Ghost Angels is particularly interested in companies using AI to enhance social connections and create innovative media formats.