Interfaith platform completes $250,000 offering with one investor

Patheos successfully closed its $250,000 unit (Equity and warrant) offering which was initiated this month. A single investor subscribed to the non-brokered placement. The company closed nine private placements which raised an estimated $10.77 million.

Patheos develops and maintains a website serving as an interfaith portal, library and blogging platform. The website is a destination to engage in the global dialogue about religion and spirituality and to explore and experience the world’s beliefs. The site strives to provide accurate and balanced information on the world’s religions and engage visitors to participate in the global dialogue on religion and spirituality through responsible, moderated discussions on critical issues across religious traditions. The Website passed the three million unique monthly visitors milestone a year ago.

The company, headquartered in Englewood CO, is led by Leo E. Brunnick (Chief Executive Officer). Patheos elected not to disclose its revenues. The executive team includes Leo E. Brunnick, Cathie Brunnick and Murry Mckenzie. The board of directors includes Tom Reidy.

Offering recap:
Status: Completed/Final close
Company: Patheos Inc
Industry: Other Technology
Amount offered: $250,000
Amount placed: $250,000


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