WeMontage, Inc. announced a first close of $160,000 on its expected $350,000 non-brokered debt financing. Five investors participated to the private placement which will remain on the market for a year. WeMontage has revenues below $1 million.
The company developed a web application which allows users to create custom photo collages that are printed on removable wallpaper. WeMontage released a beta version of its app. The wallpaper which does not require additional adhesive or damages walls, costs $10 per square foot.
WeMontage, located in Neenah WI, is the brain child of James Oliver Jr. who founded the company in January 2012.