App for instructors closed on a $450,000 equity financing with one investor

YourGuru, Inc. successfully closed its $450,000 equity offering which was initiated this month. A single investor subscribed to the non-brokered placement. This is the first time the company taps into the US private placement market. The equity offering’s expected net proceeds amount to $390,000 excluding $60,000 earmarked for the payment of officers’ salaries.

The company develops a social platform designed for instructors (yoga, fitness, dance, pilates etc…) “on the go” to connect with their students and fellow instructors. The cloud solution enables them to manage their client base, develop a following by knowing students, get referrals and connect with peers to pass clients to or find a substitute. The application is free for users, the company is currently extending beta testing invitations.

YourGuru, Inc., registered in 2013, is headquartered in New York NY. It is led by Ntiedo “NT” M. Etuk (CEO). The company elected not to disclose its revenues. Mr. Etuk is the founder of DimensionU which raised an estimated $21 million since its foundation.

Offering recap
Status: Completed/Final close
Company: Yourguru, Inc.
Industry: Other Technology
Amount offered: $450,000
Amount placed: $450,000


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