Chargeback.com increased its financing size and raised additional funds


Change: offered +63% / raised +41% / placed 76%

chargeback.comChargeback.com, FKA Chargeback Guardian, disclosed increasing the size of its equity placement by 63% to $1.63 million. Prior investors ponied up an additional $360,000. They had previously subscribed to $882,000 in securities according to another filing disclosed six months ago. So far, twenty-one backers committed $1.24 million to Chargeback.com’s offering. The subscription is structured to close once the 24% left is fully subscribed or in one month at the latest. The company closed three unregistered private placements which raised an estimated $3.23 million.

The company offers small to large size businesses tools and services to handle chargeback and prevent fraud. Chargebacks are the return of funds to a consumer forcibly initiated by the issuing bank of the instrument used by a consumer to settle a debt or a payment. The company offers flexible month to month contracts.

The company, headquartered in American Fork UT, is led by Tim Coltrell (CEO). Chargeback.com kept its revenues undisclosed.
The board of directors includes Gavin Christensen, Jason Portnoy and Paul Wozniak.

The company has raised an estimated total of $4.47 million via private unregistered security offerings.

Offering recap
Status: Intermediary close
Company: Chargeback.com
Industry: Other Technology
Amount offered: $1.63 million
Amount placed: $1.24 million
First sale: 04-15-2013
Data as of: 03-17-2014

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