Change: offered +325% / raised +349% / placed 94%
Neurotopia (DBA SenseLabs) upped its financing to $4.25 million from $1 million after receiving new commitments. An additional $3.11 million worth of securities was placed by the company with twenty-one investors since the company last released data last October. This brings to $4 million the amount raised from the thirty-one backers who subscribed to the offering. The subscription is structured to close once the 6% left is fully subscribed or in one month at the latest. This is the first time the company is offering securities under regulation D of the Securities Act of 1933.
The company markets a brain-based biosensor and software designed to assess and train elite athletes’ brains. The company developed proprietary technology to identify optimal brainwave patterns associated with the maximum levels of focus, high-speed decision-making, and optimal stress regulation. The technology identifies athletes’ strengths and weaknesses and then trains their brains accordingly so they are in the optimal brain state for their given sports.
The company is headquartered in Atascadero CA. Neurotopia disclosed having revenues on or below $5 million.
The executive team includes Austin Miller, Leslie Sherlin and Stephen J Russo.
The board of directors includes Alex Frick, Nick Tell and Robert Bray.
Status: Intermediary close
Industry: Other Technology
Amount offered: $4.25 million
Amount placed: $4 million
First sale: 04-22-2013
Data as of: 03-10-2014