Auto parts ERP platform closed an equity private placement with two investors


GaatuGaatu successfully completed a $57,000 Class A equity offering which was placed on January 8th. The non-brokered private placement was subscribed by two investors. This is the first time Gaatu is raising money on the private placement market. The company is an alumn of InnoSpring‘s incubation program. InnoSpring is a US-China joint project between Tsinghua University Science Park (TusPark)Shui On Group (Shui On)Northern Light Venture Capital and Silicon Valley Bank (SVB).

The company markets an e-commerce platform and related services for auto parts manufacturers. Services offered include: market analysis, multi-channel selling automation, inventory management, local warehouse and fulfillment, payment, accounting, and after sale customer service. The platform replaces wholesalers and empowers manufacturers to set competitive prices as well as providing them with greater market visibility for production runs. The beta application launched in March 2013.

Yubin Pu (President) leads the San Jose CA based company which was registered in 2013. Revenues were not disclosed. The board of directors includes Changsong Zhu and Mingsong Chen.

Offering recap:
Status: Final close
Company: Gaatu
Industry: Other Technology
Amount offered: $57,000
Amount placed: $57,000
First Sale: 01/08/14

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