On Wednesday, self-described millennial media company The Market Mogul announced it was officially extending its equity crowdfunding campaign on Crowdcube. This news comes just after the company raised more than £425,000 from more than 500 investors.
The Market Mogul was founded in 2013 by CEO Rav Singh Sandhu and has published more than 5,000 articles by over 3,000 authors and publishes inclusive perspectives on global affairs, business, finance, and politics:
“Our ‘Mogul Newsroom’ makes us disruptive through our combination of editorial oversight and process optimisation, enabling us to publish thought-provoking articles in under 25 minutes, at approximately 0.4% of the cost of some traditional media companies. Our obsessive focus on providing the best reading experience results in engagement rates higher than most online media news outlets. As a result, our content has been used in articles on Forbes, Mashable, Bloomberg, The World Economic Forum and many others.”
Prior to the Crowdcube round, The Market Mogul raised £365,730 through two funding rounds, with shareholder including the head of SoftBank’s Vision Fund, a VC Fund backed by Invested Bank, and private investors from Goldman Sachs, Zeus Capital, and The Disruptive Group. The company revealed in an update post about why it decided to do the campaign’s extension:
“We’d like to announce that we will be extending our campaign on Crowdcube by an additional two weeks, based on new discussions with additional investors as well as enabling potential investors that have agreed to invest to seek compliance approval from their respective institutions for their investments.”
The Market Mogul also noted that they have launched a new section on China. All funds from the Crowdcube campaign will be used for company’s growth trajectory and expand the editorial, sales and development teams to increase capacity and expand into other verticals, reaching profitability. It is set to close at the beginning of September.
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