Openpage Labs, doing business as CrowdTangle, announced a first close of $20,000 via a fundraising effort initiated last month. 3% of the $575,000 non-brokered debt offering was placed with a single investor. The company has a year to raise an additional $555,000 in funding. This debt offering is the first time the company taps into the US private placement market.
The company develops a private dashboard where users can follow thousands of Facebook pages and automatically know which posts are going viral or performed the best historically. Users have access to filters, can set up metrics for their scoring algorithm and have the trendiest content sent to their e-mail. The app is currently in private beta testing.
Brandon Silverman (Co-founder and Chief Executive Officer) leads the Baltimore MD based company which was registered in 2011. Openpage Labs elected not to disclose its revenues.
The executive team includes Matthew Garmur (CTO).
Status: First close
Company: Openpage Labs
Industry: Other Technology
Amount offered: $575,000
Amount placed: $20,000