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.
Status: First close
Industry: Other Technology
Amount offered: $100,000
Amount placed: $40,000