Financial Backing Boost for Pencourage
/ Posted By Dino Squillino
We are delighted to hear the news that Pencourage a site designed by EVERYONE, has received a financial injection of more than £500,000.
The site has created a lot of interest since it's inception in early 2013 as an anonymous social networking site which offered something fresh and unique to the web. Attracting users across the globe, Pencourage.com has seen users take to its premise of anonymous, no holds barred truth-telling in droves.
Pencourage is a joint venture between professional services firm Jenson Solutions and fund manager Foresight Group, which helps support high growth companies in their early stages.
As the attached article on BDaily Business News intimates, "A recent survey proved that a third of women lie at least once a month on traditional social networks regarding their lifestyle. In a growing backlash against this online one-upmanship, the revolutionary and female-dominated Pencourage.com has seen users take to its premise of anonymous, no holds barred truth-telling in droves."
Now, after a successful launch period which has seen it featured in Cosmopolitan and other high profile media outlets, the site has received the rolling programme of investment through Jenson Seed EIS Fund 2.
There is clearly more to come from Pencourage and we wish all involved continued success and look forward to more news as it continues to develop and grow. And if you've not registered yet, check it out and post the things you never thought you could.