Andrew Gates
Newton Center, MA (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Azigo
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Startup
Location:
Newton Center
Industry:
Technology/Web
Year Founded:
2009
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
"C" Corporation
Description:
Azigo is a white-labeled shopping mall platform. We provide our business customers with an online shopping & discount website that captures affiliate revenue (based on user spend) from merchants and returns a portion of it as a loyalty currency or cash-back for the end user. Our business customers provide our site as a benefit, a way to earn more points/miles, and/or as a fundraising/support mechanism. We are raising $350,000 at a pre-money value of 2.5 million to fund development, marketing, and operations. We will use the remainder of the year to work on the product and test how best to engage the 25 million users we have access to. We can manage the business to profitability in this time frame as well and would then look to a larger capital infusion to take the business to scale.