June 25, 2017 1:50 AM ET

Internet Software and Services

Company Overview of Sagoon.Inc.

Company Overview

Sagoon.Inc. provides an online platform that enables users to customize their individual interests and issues through pictures. Its platform enables users to turn events and occasions into a visual story and share with their friends and families; share secrets; create personal schedules and share them; and create own groups and connect with their favorite people. The company was founded in 2006 and is based in Woodbridge, Virginia.

1980 Teasel Court

Woodbridge, VA 22192-2945

United States

Founded in 2006

Phone:

703-762-6560

Key Executives for Sagoon.Inc.

Compensation as of Fiscal Year 2016.

Sagoon.Inc. Key Developments

Sagoon Seeks To Raise Funds

Sagoon.Inc. is in the process of raising $20 million in fresh funding through a `mini-IPO', under the regulations enacted by the Obama administration's landmark JOBS Act. The Delaware and Noida-based venture, which was founded by Nepalese-origin entrepreneur Govinda Giri, is looking to raise funds under Regulation A-plus of the Act, which allows startups to raise up to $50 million from unaccredited investors. "Instead of raising funds from venture capital investors, we decided to reach out to the public directly through this route," said Swati Dayal, cofounder of Sagoon.

Sagoon Seeks To Raise Funds

Sagoon.Inc. plans to raise $1.8 million by diluting about 10% stake in the company. Govinda Giri, founder of Sagoon told to PTI,"We are raising maximum of $1.8 million at a valuation of $15 million. Per share selling price is $3.75. "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," Giri said.

Sagoon Seeks To Raise Funds

Sagoon.Inc. is looking to raise $1.8 million on BankRoll, an equity crowd funding platform in the USA.

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