One investor bought $55,000 worth of mezzanine securities from Maclear last Wednesday. According to the data disclosed, the company expects to raise a total of $1 million via this non-brokered financing. An additional $945,000 in funding is to be raised until the offering draws to a close in March 2015. Maclear is offering unregistered securities for the first time under regulation D of the Securities Act of 1933.
The company developed a software as a service platform for companies to assess their situation in terms of governance, risk and compliance. The company’s proprietary solution, the Maclear eGRC Suite, enables companies to monitor, measure and manage risk by quickly addressing immediate pain points, manage complex regulatory and compliance environments, uphold industry standards, and stream-line internal policies while providing detailed audit trails. The solution is modular and each module can either be implemented individually or collectively, based on the company’s needs.
The company is headquartered in Lisle IL. Maclear kept its revenues undisclosed.
The executive team includes Depeche Elliot and Ketan Dholakia (Co-founders).
Status: First close
Industry: Other Technology
Amount offered: $1 million
Amount placed: $55,000
First sale: 03-12-2014
Data as of: 03-17-2014