Clockout raises $3.5M seed to scale professional networking app | VeilStrat

Clockout Secures $3.5M Seed Round

Clockout, a New York-based professional networking app for young professionals, has raised $3.5 million in seed funding. The round was led by 114 Ventures and included participation from Gaingels, Sher Ventures, Allied Venture Partners, Evite Ventures, and BMPB VC.

What Clockout Does

Clockout is a professional networking app that helps young professionals discover peers, industry clubs, and events nearby. The founder describes it as a hybrid of LinkedIn and Meetup, turning digital introductions into in-person meetings. The app launched in October 2024 and is built out of New York.

Traction and Business Model

Clockout operates on a freemium model, charging $99 per year for unlimited club and event access. Within 10 months of launching paid features, the company reports more than 600,000 downloads and $1.1 million in annual recurring revenue.

Funding Details

Round type: Seed
Amount raised: $3.5 million
Currency: USD
Lead investor: 114 Ventures
Additional investors: Gaingels, Sher Ventures, Allied Venture Partners, Evite Ventures, BMPB VC
Funding date: October 2, 2026

Why It Matters

The seed round provides Clockout with capital to expand its professional networking platform. The company's focus on converting digital connections into real-world meetings differentiates it in the crowded networking space. With over 600,000 downloads and $1.1 million in ARR already, Clockout has demonstrated early traction that could position it for further growth.

Acquisition Angle

For acquirers in the social, professional networking, or event technology sectors, Clockout represents a fast-growing asset with a proven freemium model and strong early revenue. The app's hybrid approach—combining LinkedIn-style profiles with Meetup-like event discovery—could complement larger platforms seeking to deepen engagement among younger professionals. The seed funding, led by 114 Ventures with a syndicate of additional investors, signals confidence in the team's ability to scale.

Outlook

Clockout plans to use the fresh capital to build on its momentum. As the platform continues to grow its user base and paid subscriptions, it may attract interest from strategic buyers looking to enter or consolidate the professional networking market.