Invest in ShopO
WorldShop LLC which is the parent of ShopO LLC is currently raising $5 million at a $50 million post-money valuation for venture investors or strategic partners. There is approximately $3.2 million that remains available in this round. The use of proceeds for this round is to scale up the successful launch in a few cities of Ukraine to the rest of the country.
After this $50 million post-money round is closed, we will open a new round to raise $20 million at a $200 million valuation. This jump in valuation will be based on the signing of certain key partnerships in South Dakota and/or with one or more of the major chat companies (e.g., Telegram, Rakuten, WeChat, Facebook, etc.).
For employees, consultants, advisers and our South Dakota partners, there is a small amount of funding (i.e., $400,000) that has been reserved at the $7,000,000 post-money valuation. It is expected that these specially priced membership units will be sold prior to Jun 15, 2019.
In the table below, you can see the timing of the different funding rounds that have occurred and that we believe will occur. The values underscored represent the investment amounts that remain available at the $7 and $50 million post-money valuation levels.
It should be noted that WorldShop is a startup and most startups fail. So, please be aware of and abide by Lorenzen's First Law of Fundraising: Invest only what you can lose completely without losing our friendship.