Social media marketing engine raised $40,000 with one investor via mezzanine offering

Auxo announced a first close of $40,000 via a fundraising effort initiated this month. 40% of the $100,000 non-brokered mezzanine offering was placed with a single investor. The private placement will remain open for a year while an additional $60,000 is raised by the company. One prior placement was closed by the company raising an estimated $40,000.

The company developed and markets a social media marketing engine that helps brands engage, grow and monetize it’s fan base. This is achieved using a simple prizes platform that lives 100% inside of a brand’s Facebook page.

Auxo, registered in 2013, is headquartered in Bothell WA. It is led by Roy L. Sherrill IV (President). Revenues were not available for the latest reporting period.

Offering recap
Status: First close
Company: Auxo
Industry: Other Technology
Amount offered: $100,000
Amount placed: $40,000


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