$15,000 was successfully placed by Reconiz, Inc. with one investor as part of a $50,000 debt fundraising effort initiated this month. The company expects to raise an additional $35,000 to close the offering within a year. This is the first known offering initiated by the company on the US private placement market.
The company developed an entertainment photo sharing and discovery application (app) for mobile phones that let’s users share and create stories around the most famous images in entertainment and discover the trending topics being discussed in the celebrity space. The app is in beta testing and is still accepting beta users.
The company, headquartered in West Hollywood CA, was founded in January 2013. It is lead by Andrew Toltzis (CEO) and the executive team includes Mike Toltzis.
Status: First close
Company: Reconiz, Inc.
Amount offered: $50,000
Amount placed: $15,000