Seedfuse, Inc. successfully completed its $118,000 mezzanine financing round which started last month. The non-brokered private placement was subscribed by two investors. This is the first known offering initiated by the company on the US private placement market.
The company develops an application called youSitter. The app is designed to promote the exchange of babysitting among friends who have kids. The “watch my kids now, and I’ll watch yours later” app leverages users’ facebook accounts (for the social network and communication infrastructure) and keeps track of everything else.
The company, headquartered in Issaquah WA, was registered this year. Seedfuse, Inc. elected not to disclose its revenues. The executive team includes Tabreez Govani and Yue Ma. The board of directors includes Justin D. Hamilton.
Status: Completed/Final close
Company: Seedfuse, Inc.
Industry: Other Technology
Amount offered: $118,000
Amount placed: $118,000