SportZcal announced a first close of $150,000 via a fundraising effort initiated this month. 43% of the $350,000 non-brokered equity offering was placed with a single investor. The private placement will remain open for a year while an additional $200,000 is raised by the company. No previous known private placement was initiated by the company in the US.
The company is developing and marketing a software as a service (SaaS) application (app) to manage sporting events in personal calendars, book and sharing them with social networks. The application hasn’t launched yet and no further information related to the app features are available.
SportZcal, founded in 2013, is headquartered in La Jolla CA. It is led by Thomas Caldwell (President). Revenues were not available for the latest reporting period.
The executive team includes Hossein Eslambolchi.
Status: First close
Amount offered: $350,000
Amount placed: $150,000