News and Announcements
Ideapod Capital Raise Closing Soon
- Published July 27, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Ideapod is an innovative communication platform helping people to learn and connect around ideas. We are experiencing rapid growth, with over 2.2 million monthly active users (up from 450,000 in April) and increasing our revenue each month.
- Ideapod is a global communication platform helping people to learn and connect around ideas;
- The company has almost fully allocated a convertible note, raising US$ 1.5 million with US$ 9 million cap and/or 20% discount converting to preferred shares at series A (targeting valuation of $20-30 million). The company is cash flow positive;
- The platform is experiencing rapid growth, reaching 3.6 million monthly active users (up from 450,000 in April);
- Current investors include 37 Angels, Dragon Tree Capital, Andy Tobias (treasurer of the Democratic National Party) and Dr. Alan Dupont.
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