Business intelligence cloud app closed on $500,000 financing out of an expected $750,000


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.

Offering recap:
Status: First close
Company: Conclusive Analytics
Industry: Other
Amount offered: $750,000
Amount placed: $500,000

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s