Venn Corp. successfully placed 67% of its non-brokered equity placement with two investors raising a total of $400,000. This is the first known US private placement initiated by the company.
Venn Corp. is a third party project logistics provider for the construction industry. The company has developed proprietary transport, project and inventory management systems and a geographically diverse warehouse network to ensure materials and FF&E (furniture, fixtures and equipment) are delivered at the job site when required.
The company, located in McLean VA, was founded in June 2012 following its spin-off from Traffic Tech, Inc. Michael Scotch leads the company as CEO.