A first close of $150,000 was initiated by Atmosferiq on its fundraising effort started this month. 15% of the $1 million non-brokered mezzanine offering was placed with three investors. The company has a year to raise an additional $850,000 in funding. It is the first time the company is raising funds on the private placement market. The mezzanine offering’s expected net proceeds will amount to $910,000 which excludes $90,000 to be paid toward officers’ salaries.
The company develops and markets a Software as a Service (SaaS) for Small and Medium size Businesses (SMB) to manage their marketing cost for campaigns on social networks and other digital sales channels. The platform provides SMBs with a structured customer acquisition capability and engagement tool.
Atmosferiq, registered in 2013, is headquartered in Pittsburgh PA. It is led by Jonathan Diven (President). Revenues were not available for the latest reporting period.
Status: First close
Industry: Other Technology
Amount offered: $1 million
Amount placed: $150,000