A group of 20 former Snap employees has introduced Ghost Angels, a fund aimed at supporting emerging social media ventures, with plans to invest in 15 more companies within a year.

A group of 20 Snap alumni has come together to launch a fund called Ghost Angels to back the next generation of social media.

Ghost Angels backs pre-seed to seed AI startups building beyond the ad-algorithm model. The fund has invested in five companies and plans 15 more.

A group of 20 former Snap employees has introduced Ghost Angels, a fund aimed at supporting emerging social media ventures, with plans to invest in 15 more companies within a year.