Thanks to the US JOBS Act, we’re able to reach people who are passionate about our mission and offer those individuals the opportunity to participate in helping us change the world.
WASHINGTON, D.C. (PRWEB) June 29, 2016
Sagoon, a Washington D.C.-based social commerce platform founded by Govinda Giri, an immigrant from Nepal who worked at the Pentagon for 12 years, has announced a private placement offering for potential investors for as little as $5,000. The company’s unique social commerce platform allows registered users to create and share social content, and users will soon be able to earn money for interacting on the site. Sagoon offers several applications that enable users to share information and strengthen relationships with family and friends.
“Our team has been working diligently to ensure Sagoon helps solve the negative aspects users typically experience on popular social media sites,” Sagoon founder Govinda Giri said. “Thanks to the US JOBS Act, we’re able to reach people who are passionate about our mission and offer those individuals the opportunity to participate in helping us change the world.”
Sagoon offers a one-of-a-kind social commerce platform for users worldwide and plans to launch an equity crowdfunding initiative with the help of BankRoll. The amount of capital raised will be used to expand the platform’s user base, enhance product infrastructure and develop and launch a mobile app.
The social commerce site includes several applications for registered users, including “My Day” (daily task manager), “MoodTalk” (mood chatroom), and “Secrets” (secret sharing application). With MoodTalk, users can set their mood using simple icons, which allows them to more easily communicate feelings with their contact lists. Additionally, Sagoon deletes personal and group conversations after 24 hours. If users prefer to use Sagoon anonymously, they may create and share secrets with the rest of the Sagoon community or with someone specific. As with the popular millennial app Yik Yak, Sagoon features hot secrets, the ability to like, dislike, share or comment on secrets, and allows users to track secrets to see which cities and countries it has reached.
Later this year, Sagoon will introduce its Social Smart Card which compensates users for interacting with the site’s features. Users will receive a free Social Smart Card when they create a profile and join the Sagoon community. From there, registered users may buy and send gift cards to connected friends and family. Rather than having multiple gift cards, users may take advantage of one Social Smart Card, redeemable at certified retail partners. All Sagoon Social Smart Card users will receive 5% back on all transactions.
One of the top crowdfunding and JOBS Act lawyers in the United States, Kendall Almerico, CEO of BankRoll, says, “At BankRoll, we are excited to help the Sagoon team use these revolutionary new laws to raise capital online, so they can expand and grow their business and realize their global social commerce vision.”
U.S. angel investors brought Sagoon to life and the company is now seeking additional potential investors to help spur growth. The platform is looking to expand its user base and is now offering a private placement for accredited investors to become a part of the Sagoon family and own a piece of the up-and-coming smart, social commerce platform.
To learn about the private placement offering, please visit: http://www.bankroll.ventures/deal/sagoon.
Those who would like more information on Sagoon should visit: http://www.sagoon.com/invest.
All media inquiries may contact Sarah Hunter at sarah(at)sagoon(dot)com.
Sagoon is an early-stage social commerce platform founded by Govinda Giri, an immigrant from Nepal who worked at the Pentagon for 12 years. The word “Sagoon” is derived from the Sanskrit word “Shakuna” meaning “an auspicious moment” or “good luck.” Sagoon was launched as a search engine in 2009, but later developed into a social commerce platform in 2014. Now, the team of 18 individuals is looking forward to expanding Sagoon and continuing to share its applications with users around the world. For more information, visit http://www.sagoon.com.
The information contained in this press release is provided for information purposes only. The information in this press release is not an offer to sell or solicitation of an offer to buy or subscribe for the securities of Sagoon, Inc., nor shall there be any sale of such securities in any country or state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such country or state. Any such offer or solicitation will be pursuant to exemptions from registration requirements set out in applicable securities laws and made only by means of delivery of the Private Placement Memorandum dated June 6, 2016, as the same may from time to time be amended, relating to a particular investment to qualified investors in those jurisdictions where permitted by law, and only to “accredited investors” as defined by Section 501 of Regulation D of the Securities Act of 1933. Investing in securities is not suitable for every investor and there is a risk of loss of your entire investment. This press release is a summary only of certain important matters relating to Sagoon, Inc. and is qualified in its entirety by the detailed information in the offering materials. Prospective investors should take note of the risk factors described therein. Nothing in this press release is intended to be, and you should not consider anything herein to be, investment, accounting, tax or legal advice. For more information on investing in private placement offerings of securities, go to: https://www.investor.gov/news-alerts/investor-alerts/investor-alert-advertising-unregistered-securities-offerings.