Woxxer, Inc. launched a $100,000 mezzanine fundraising effort via a non-brokered private placement which already secured one investor. The company expects to keep the offering open for a year. This is the first time the company is raising money on the US private placement market.
Woxxer developed a three-dimensional rating engagement tool which is a sortable filter and a user-powered data aggregator that allows users to navigate the vast amount of content and opinion available on the web. Woxxer’s architecture creates an effective content distribution channel whereby a user can market a blog or website and reach its targeted audience right away. The company has US patents pending on its core suite of technologies. The application (app) is expected to be released toward the end of the year.
Woxxer, Inc., registered in 2013, is headquartered in East Setauket NY. It also has an R&D presence in Europe and Israel. Matthew A. Mausner (Founder and CEO) is leading the executive team which includes Margot Hedy Stern and Yonina Cantor-Wiseman. The board of directors includes Stuart M. Selip and Edna Yahil.
Status: First close
Company: Woxxer, Inc.
Industry: Other Technology
Amount offered: $100,000
Amount placed: $1,000