CiSApp

CiSApp

Blockchain-based social media platform with over 22,200 user signups in its beta testing

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Security Type
Crowd Note
Min Investment
$100
Location
Houston, TX
Offering Date
February 23, 2021
Expected Close Date
July 26, 2021
Target Raise
$25.00K-$107.00K
Deal Notes

Price Per Share: $1.00

Company Description

CiSApp is building a decentralized social network blockchain that aims to create a single point of connection for users across multiple account spaces. The company aims to solve three perceived problems in social networks today: data privacy, anonymity, content transparency, and having to manage multiple profiles across various apps. CiSApp launched the beta version of its app on Android in August 2019. Since then, the company has added 22,285 users to its platform with less than $600 in total marketing spend. In 2021 the company plans to launch the official version of CiSApp on Android and iOS platforms.

Key Deal Facts

Participating in the Seed Round Capital (SRC) tech startup program
More than 22,285 users have signed up for CiSApp during its beta testing
Listed as one of the 48 ‘Top Breakout Apps to Watch’ by AppSamuraii
Raised $15,000 in seed funding in 2020

Use of Proceeds

CiSApp is looking to raise a minimum of $25,000 and a maximum of $107,000 in this raise. Funds will be used to fuel business growth by increasing working capital, general marketing to drive user acquisition, technology development for the platform, and hiring more engineers to execute on the company’s product roadmap.

Management Team / Advisory Board Bios

Palem Imran, Co-Founder and CEO
Palem Imran co-founded the company and has served as CEO since the company’s inception. Before co-founding CiSApp, Imran wrote two fiction Novels – Last Ranker and Cricket Betting. He is currently final years of studies at the Lovely Professional University where he is working toward his undergraduate degree. Imran is a blockchain enthusiast and is passionate about tech and anything related to engineering and research.


Bhargav Varma, Co-Founder and COO
Bhargav Varma co-founded the company and has been serving as COO since its inception. Varma holds a Bachelor of Technology, Electronics and Communications Engineering, from the Lovely Professional University. He is passionate about international business and development.

Deal Notes

Price Per Share: $1.00

Amount Raised : $149,857
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Security Description

A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.

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