Sagoon Inc, a US-based company that runs www.sagoon.com, which, the company claims, enables users to make a ‘true connection’ with others. The company also claims that it will eventually be able to provide its user base the ability to monetize time spent on the website through a revenue-sharing model. The company is currently on the closing phase of funding as part of its mini-IPO to collect a total of $20 million from the public.

KATHMANDU, Jan 10: Sagoon (www.sagoon.com), a US based social commerce startup, announced the filing of a Regulation A+ (MINI-IPO) with the US Securities and Exchange Commission (SEC) to offer an investment opportunity mostly to a large pool of potential public investors who have already become a part Sagoon’s users, fans and supporters.