CiSApp
[Closed for Investment] CiSApp, with a valuation cap of $1.5 million, is raising crowdfunding on MicroVentures. The company is creating a decentralized social network blockchain to connect users across different account spaces. The network aims to solve problems related to anonymity, data privacy, and transparency. Palem Imran and Bhargav Varma founded CiSApp in 2019 and raised $15,000 in seed funding in 2020. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $107,000, and the funds will be used for general marketing, research and development, development contracting, future wages, and working capital. CiSApp has more than 22,285 users signed up during its beta testing.
Investment Overview
Raised: $149,857
Deal Terms
Company & Team
Company
- Year Founded
- 2020
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
10/04/2021 | Microventures | $1,500,000 | $149,857 | Convertible Note | Funded | RegCF |