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- 📝 SocialCrowd Raises $2.5M
📝 SocialCrowd Raises $2.5M
Liam Gill
November 08, 2024
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News of the Day
SocialCrowd, the "Fitbit for work" performance management platform, has raised a $2.5 million seed round, co-led by Bread and Butter Ventures and Augment Ventures, following a previous $1.6 million pre-seed. Co-founder and CEO Raphael Akinsipe shared that SocialCrowd helps employers incentivize frontline and shift workers by setting measurable goals and offering rewards, like a restaurant boosting sales by 490% by rewarding staff for specials sold. As the company scales 20% month-over-month, this funding will go toward expanding engineering and customer success teams to meet demand. Investors are betting on tools that optimize productivity for hourly workers, a crucial yet under-served workforce in sectors like retail and manufacturing.
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The P/E discount in Small Caps versus Large Caps is akin to observations made at the turn of the century. The S&P 600 is trading 25.4% cheaper than the S&P 500. We find this valuation relationship in 1976, 1998, 2001 and 2020.
— Jeff Weniger (@JeffWeniger)
7:41 PM • Nov 6, 2024
This tech company grew 32,481%...
No, it's not Nvidia... It's Mode Mobile, 2023’s fastest-growing software company according to Deloitte.
Just as Uber turned vehicles into income-generating assets, Mode is turning smartphones into an easy passive income source, already helping 45M+ users earn $325M+ through simple, everyday use.
They’ve just been granted their stock ticker by the Nasdaq, and you can still invest in their pre-IPO offering at just $0.26/share.
*Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
*The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
*Please read the offering circular and related risks at invest.modemobile.com.
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