World Pass Key placed an additional $175,000 worth of equity securities with two undisclosed investors. The company had originally planned to raise $150,000 when it initiated a first close of $75,000 back in October 2013. It is the first offering done by the company under a registration exemption.
The company developed and markets an authentication application (app) that leverages mobile devices to validate users over the Internet. Users download the app on their mobile devices, once users log-in the app it simply authenticate users for online purchases and every password protected websites.
The company, headquartered in Cranston RI, is led by Jonathan Marcus (Chief Executive Officer). Revenues were not disclosed. The board of directors includes Mark Carten, Michael Dodier, Lawrence Gould, David Siwicki and Alfred Angelone.
Status: Second close
Company: World Pass Key
Industry: Other Technology
Amount offered: $300,000
Amount placed: $250,000
First Sale: 10/09/13