PayPal incubator startup sells $635,000 worth of equity

Acquisition Sciences, Inc. raised about 90% of its $720,000 equity offering from three investors. The company estimates that $240,000 of the gross proceeds will be used toward officers’ salaries. Among the early investors are Kepha Partners and Jeremy Levitan.

The consumer driven internet company was selected to benefit from free office space at PayPal start tank, PayPal’s incubator. Acquisition Sciences is not broadcasting yet what exactly it will be offering besides saving time and money to its customers by bringing coupons codes and deals in their web browsers.

The company located in Boston, MA. was founded in November 2012 by Robert Kornblum (President and CEO).


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s