LEXINGTON, Ky (July 30, 2018) – Xooker, the mobile retail loyalty and rewards services provider base in Lexington, announced today it is raising capital for market expansion, with investment bank Maxim Group as exclusive placement agent.
“We are raising a bridge round of capital to expand into another three to five markets before our series A round,” Xooker CEO Conrad R. Carney II said in a news release.
New York-based Maxim Group LLC, a full-service investment banking, securities and wealth management firm, in fall 2017 launched M-Vest.com, an online marketplace for the distribution of securities in Regulation A and Regulation D offerings. Xooker was selected to be the first emerging tech company to raise private capital on the M-Vest platform.
A division of Maxim Group, M-Vest takes the entire offering process online by giving issuers a platform to conduct offerings and raise capital. Investors have the ability to review offering documents, open an account, and invest directly online through the M-Vest website.
As one of the nation’s fastest growing mobile loyalty and rewards companies, Xooker’s capital raise comes at a time of growth and expansion for the company. Xooker plans to add three new markets by 2019.
To learn more about Xooker and M-Vest, visit M-Vest.com.
Xooker (pronounced “zooker”) provides an interactive mobile loyalty and rewards suite of services for merchants and restaurants. Clients can create and manage loyalty and relationship marketing programs without a commitment to software or hardware. Xooker not only can predict consumer behaviors but through its proprietary ad delivery algorithms can play a part in influencing them, while letting the consumer be in control and protecting their privacy. Xooker is headquartered in Lexington, Ky.
Founded in 2002, Maxim Group provides a full array of financial services, including investment banking; private wealth management; and global institutional equity, fixed income derivative sales & trading, equity research and prime brokerage services to a diverse range of corporate clients, institutional investors and high net worth individuals. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board (MSRB).