Fast-growing social media platform to gather and share what's on your mind with people on your wavelength
- Sydney, Australia
Categories: Content & Information Digital Mixed B2B/B2C
for 7.78% equity
Gather Online is a social discovery platform where you can meet like-minded people through time-limited conversations on topics that interest you.
Research shows that we never speak to 89% of the connections we add on social media, so these connections aren't meaningful.
To achieve meaningful connections, we need to have direct back and forth communication, but traditional social media creates little urgency, so people tend to become passive consumers of content. Therefore, we believe traditional online groups don’t work for meeting new people - they quickly become stale, with few people remaining active, and little direct engagement.
On Gather, because you are in a conversation group on a topic that interests you, and there is an urgency created by the time limit, we see a lot of interaction and direct engagement with others. Thus people are able to establish meaningful social or business connections, or form romantic relationships with others where they genuinely have something in common.
Gather Online is running a parallel crowdfunding campaign on Equitise, a New Zealand based crowdfunding platform, to enable them to access Australian and New Zealand investors. Once the Equitise campaign goes live, Seedrs will reflect the funds raised on Equitise in the Seedrs campaign so that investors are aware of the full size of the round. This will be reflected under the label "Equitise Placement". The terms of the Equitise round are substantively the same as the Seedrs round.
As the Equitise raise will be in New Zealand Dollars, Seedrs has applied a GBP:NZ$ exchange rate of 1.704. This means that any fluctuation in exchange rate between the launch of the campaign and when the shares are issued will not affect the pre-money valuation being offered to investors via Seedrs.
Gather Online is an Australian company and therefore shares will be issued in Australian Dollars at a GBP:AUD$ exchange rate of 1.604.