Test the Waters
Shelly News

Shelly News

We geo-tag news events to the location of a user's connections

Security Type
Min Investment
Fredrick, MD
Offering Date
May 20, 2021
Expected Close Date
August 18, 2021

Company Description

Shelly is a place to get real-time information about what is important to you through news articles and videos. It allows you to stay current on what is happening in your network; get notifications, chat and engage with others; and more importantly, see events happening around people you care about. At Shelly, we don’t create the news. We just make it enjoyable for you to experience.

Key Deal Facts

Track record of successful senior exec-engineering leadership at fortune 500 multinational company.
Perfect fit for 90.9% of the serviceable obtainable market (SOM) of $7 billion.
Huge overall total addressable market (TAM) size of $200 billion.

Use of Proceeds

  • Product Refinement, Maintenance, Security 48%
  • Legal 18%
  • Salary for Skeleton Staff (Lean OPs) 24%
  • Marketing 6%
  • Other Corporate Expenses (Travel, Rent) 3%

Management Team / Advisory Board Bios

Kwabena Okrah, Founder & CEO
Created and executed mid- and long-term strategy, innovations, business and tactical plans, and performance management for retention of $2.3B in revenue at 7% compound annual growth rate (CAGR) and is on track to double Sodexo’s market share by 2022.

Fred Mawuli Deegbe, CPO (Strategic Media & Brand)
Multiple appearances on Forbes, Vogue, CNN, BBC, Al Jazeera, etc.
Amount Raised : $0
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.

Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

Research Reports

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