Moveline Group successfully completed its $1 million mezzanine offering which started last month. The non-brokered private placement was subscribed by thirteen investors. One prior placement was closed by the company raising an estimated $1.6 million. The company received seed funding from Lawrence Transportation Systems and Modea.
Moveline is a technology company that aims at making life easier for people who are moving. The company developed softwares and a platform to help users get organized, compare prices, and make decisions about an upcoming move. Users just need to get a video of their belongings to get guaranteed quotes from moving companies.
Frederick Cook (CEO) leads the Las Vegas NV based company which was founded in late 2011. Moveline Group elected not to disclose its revenues. The executive team includes Kelly Eidson. The board of directors includes David Catalano and John Frankel.
Status: Completed/Final close
Company: Moveline Group
Amount offered: $1,000,000
Amount placed: $1,000,000