$1 million unregistered debt financing and first close reported by Tapcentive

tapcentiveTapcentive disclosed aiming to raise $1 million via debt issuance. Apparently 35% or $350,000 has already been subscribed by four investors. The non-brokered placement started one month ago. The offering will remain open until February 2015 while an additional $650,000 worth of securities is sold to investors. This is the first debt financing done by the company under a registration exemption.

The company is in stealth mode for now and specifics about the product to be released are not known. However, it seems the company is going to be releasing an application to manage marketing, advertising, and promotional campaigns directed toward users of mobile devices.

David Wentker (President) leads the San Francisco CA based company which was registered in 2013. Revenues were not reported.
The executive team includes Gavin Shenker, Marc Keller and Mike Lindelsee.

Offering recap
Status: First close
Company: Tapcentive
Industry: Other Technology
Amount offered: $1 million
Amount placed: $350,000
First sale: 02-03-2014
Data as of: 03-20-2014


One comment

  1. Pingback: Tapcentive garnered new subscriptions and upped its offering to $1.5 million | Random Research

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