| Founded | 2017 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Social |
| Total raised | $200M (SoftBank, Goodwater Capital) |
| Collapse type | Fraud Explosion |
| Founder | Abraham Shafi |
IRL
"Social events app raised $170M from SoftBank at $1.17B unicorn valuation. SEC investigation found 95% of reported users were bots. Abraham Shafi charged with securities fraud."
Sudden collapse triggered by fraud exposure
Key Events Timeline
IRL (In Real Life) was founded in 2017 by Abraham Shafi in San Francisco as a social events discovery app — connecting friends around shared activities in the real world.
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