Sagoon to Close Successful Regulation A+ Equity Crowdfundng Offering on July 26
WASHINGTON (PRWEB) July 18, 2018 -- Sagoon, the social commerce platform enabling its users to Connect, Share, and Earn, today announced it will be closing its successful Regulation A+ Equity Crowdfunding offering on July 26, 2018. Investors interested in buying shares in the Company can do so until midnight ET on July 26.
The Company launched its Regulation A+ offering in 2017, offering Class C common stock at $23 per share with a minimum investment of $1,000. Since, it has raised approximately $4M from more than 3,500 investors globally that share Sagoon’s vision of a social commerce platform that helps users to Connect, Share, and Earn. The company has also raised approximately $5 million from a strategic partnership.
“We are so thankful for the support we have received from our investors and partners over the past year who share our vision of a better social networking experience. We have had a successful raise $4 million, which has enable us to launch our Android app and continue the development of other key features for our platform,” said Govinda Giri, founder and CEO, Sagoon. “We are continuing to move ahead with the development of our iOS app, as well as our social smart card, to achieve our mission of bringing a more optimal social experience to those underserved across the globe.”
Sagoon will continue the development of its iOS app and innovative Social Smart Card, with targeted release by the end of 2018. Sagoon’s Social Smart Card will allow Sagoon users to earn money while shopping, redeeming coupons, and gifting their loved ones. The company considers the social smart card and the iOS app to be game-changers, particularly within the $300 billion social ecommerce market.
This past year, the Company also successfully launched its Sagoon mobile app for Android. Sagoon now boasts 2.5 million users across its mobile and web-based offering. The Company continues to build market share, onboarding those within the 2.8 billion social network users across the globe who are looking for a better social experience than is provided by current platforms.
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 still accepting investments from public and institutional investors and can be accessed through its website http://www.sagoon.com/invest, where the Offering Circular is posted.
About Sagoon
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 http://www.sagoon.com or “Like” the Company on Facebook. To invest in the company through its Regulation A+ offering, please click here.
Matthew Bretzius, Sagoon, http://www.sagoon.com, +1 6466991414, [email protected]
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