Gas station mobile app completes placement of $50,000 mezzanine offering with one investor

Fuelzee, Inc. successfully completed its $50,000 mezzanine offering which was initiated last month. The non-brokered offering was subscribed by a single investor believed to be David Whitney an angel investor. This is the first known offering initiated by the company on the US private placement market.

The company developed a free mobile application which helps users find the cheapest gas and offers rewards on gas, food, and drinks for checking in at the gas station. The app is available for iOS and Android operating systems. While the concept is not new, a host of similar companies such as Yillio, Postelio, FOMO Media and ROXIMITY were raising money over the past few months, the main novelty is that the company elected to engage its users to report real-time prices instead of using crowdsourced reports.

Fuelzee, Inc. , headquartered in Orlando FL, was founded by Daniel “Dan” Mcgaw (CEO) in January 2013.


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