Sagoon Surpasses $1.9M in Regulation A+ (Mini-IPO) Equity Crowdfunding Capital
Company has now raised more than $3.2M in funding as it prepares for consumer launch of its social commerce app
WASHINGTON D.C. – November 9, 2017 – Sagoon, the social commerce platform enabling its users to Connect, Share, and Earn, today announced it has surpassed $1.8M in Regulation A+ (Mini-IPO) equity crowdfunding capital. The Company has now raised more than $3.2M in funding in 2017 as it readies to launch its mobile app next month.
The Company launched its Regulation A+ offering earlier in 2017, offering Class C common stock at $23 per share with a minimum investment of $1,000. Since, it has been supported by more than 2,000 investors globally that share Sagoon’s vision of a social commerce platform that helps users to Connect, Share, and Earn.
With approximately one million users, and a team of 40 employees (including those who have worked at Google and IBM), Sagoon seeks to pioneer the monetization of social media, enabling its users to earn financial rewards while connecting with their friends and loved ones, and sharing experiences from their day-to-day lives. Funds raises will be used for, but not limited to, the continued development of the Company’s mobile app, which will launch in December.
“We are proud and excited of the support we have received thus far from investors around the world that share our vision of a better social network. We have worked incredibly hard to build Sagoon into a platform that meets the needs and interests of a global user base – one where they can not only connect with friends and family, but also engage in social commerce initiatives and earn money for their activity,” said Govinda Giri, founder and CEO, Sagoon. “We have identified an underserved market of users who are unsatisfied with current social offerings, and believe that our team of technology leaders has us uniquely positioned to succeed within that market. We hope those that share our vision will continue to support us.”
Sagoon solves a glaring problem in today’s U.S. social media landscape – U.S. social networks are not set up for ecommerce. Direct commerce between users and sellers and amongst users is prohibited, and users earn no financial rewards for being a direct source of revenue. There is also a missed opportunity to make gift cards, coupon offers, and discounts purely social.
Regulation A+ offerings provide an opportunity for the non-accredited general public to invest and own stock in the company. The company is currently accepting investments from public and institutional investors until November 30, 2017 and can be accessed through our website www.sagoon.com/invest, where the Offering Circular is posted.
Sagoon is an early-stage social commerce platform that offers users a chance to make money while socializing. The word “Sagoon” is derived from the Sanskrit word “Shakuna”, meaning “an auspicious moment” or “good luck”. First launched as a search engine in 2009, Sagoon evolved into a social commerce platform in 2014 with the mission of helping people to better Connect, Share, and Earn. To connect with Sagoon, visit www.sagoon.com or “Like” the Company on Facebook. To invest in the company through its Regulation A+ offering, please click here.
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