Scayl, Inc. placed 31% of its expected $800,000 mezzanine offering with nine investors. The company tapped the US market multiple times already raising an estimated $5.25 million since its inception in February 2007. Scaly disclosed having no revenues so far. It earmarked an estimated $180,000 to be paid toward executives’ salaries and $35,100 will be paid out in placement fees to Finance 500, Inc.
The company offers a service to send mail directly to recipients by by-passing traditional “store and forward” e-mail and “upload and download” services. With a direct connection users’ e-mails are no longer limited in size by e-mail servers or cloud upload services, transfer speed, or subject to privacy and security risks. Scaly make high-definition video or big data files sharing simple and secure. Professional users may add studio grade digital rights management to protect high value assets. The company’s app is free for individuals and available for a fee to professionals and companies.
Scayl, located in Woodland WA, is lead by William R. “Bill” Kallman. The executive team includes Donald Hoffman and Jon Bower. Mark Mitchell sits on the board of directors.