Seelio successfully completed its $600,000 equity offering which started last month. The non-brokered private placement was subscribed by twelve investors. Up to this point Seelio had raised an estimated $600,000 via one financing round. The equity offering’s expected net proceeds amount to $534,000 excluding $66,000 earmarked for the payment of officers’ salaries.
The company designed a social network for college students and educators to broadcast their portfolio. The company builds custom portfolio networks and galleries for engineering, design, and business programs to empower students to document their learnings and showcase their work.
Moses Lee (President, CEO and Co-founder) leads the Ann Arbor MI based company which was registered in 2011. Seelio reported revenues on or below $1 million for the latest fiscal year. The executive team includes David Jsa (Co-founder and CTO). The board of directors includes Steven Fireng and David Fry.
Status: Completed/Final close
Industry: Other Technology
Amount offered: $600,000
Amount placed: $600,000