A first close of $500,000 was initiated by Conclusive Analytics, formerly known as Conclusive Marketing, on its fundraising effort started last month. 67% of the $750,000 non-brokered equity offering was placed with two investors. The company will attempt to raise an additional $250,000 in funding before the end of the offering a year from now. The company closed three private placements which raised an estimated $5.08 million. The company is backed by Frontier Capital a growth investor specialized in the business services sector.
The company develops and markets a cloud based business intelligence application (app) focused on analyzing customer data to identify opportunity areas for increased sales. The analytics is structured to handle big data.
The company, headquartered in Charlotte NC, is led by Donald Clifford (Chief Executive Officer). Conclusive Analytics elected not to disclose its revenues. The board of directors includes Joel R. Lanik and Richard T. Maclean.
Status: First close
Company: Conclusive Analytics
Amount offered: $750,000
Amount placed: $500,000