PromSocial
About this raise
PromSocial, the mobile app designed to make the prom planning process fun and stress-free, is raising funds on WeFunder. The PromSocial app uses technological solutions to bring all aspects of prom experience to the teen population in an integrated manner. The app includes powerful planning, social media, e-commerce, dating, and even logistics. PromSocial was founded by Ed Abdel-Malak, Michael Hudak, and Ravi Koltur in 2013 and was one of the finalists in Shark Tank Season 11. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $100,000, and the proceeds will be used for development, and sales & marketing. PromSocial launched its open beta in January 2019 and already has more than 3,000 users. The company also has a verbal commitment from a large high school to use the app for their Prom 2020.
Investment Overview
Invested $59,650 :
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
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Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/17/2020 | Wefunder | $2,000,000 | $59,650 | SAFE | Funded | RegCF |