A total of $200,000 was raised by weeSPIN as part of its $500,000 unregistered private placement. The non-brokered equity securities started to be bought by five investors last Wednesday. The offering will remain open until May 2015 while an additional $300,000 worth of securities is sold to investors. The company is filing for the first time a security registration exemption with the SEC.
weeSPIN markets and develops a social application (app) that allows users to compile song playlists using Spotify or Soundcloud, add pictures, share them and meet people who are like minded, musically speaking.
The company, headquartered in Santa Monica CA, is led by Darius Fong (President). weeSPIN elected to keep its revenues undisclosed.
The executive team includes Jonathan Rourke.
Status: First close
Industry: Other Technology
Amount offered: $500,000
Amount placed: $200,000
First sale: 05-28-2014
Data as of: 05-29-2014