Avenace placed $100,000 worth of debt securities

avenaceOne investor bought $100,000 worth of debt securities from Avenace. The subscription occurred two days ago. The offering has no fundraising cap and the company may elect to raise additional funds until the offering closes in April 2015. The company expects $174,000 worth of proceeds will be used toward the payment of officers’ salaries. A prior unregistered securities offering which raised an estimated $450,000 was completed by the company.

The company developed a mobile application called PlaceProps for users to record, map, and share information about places of value to them. The application while being free is monetized by the company for audience measurement of physical places. The company built an exchange for businesses to analyse traffic patterns such as demographic and frequency at specific locations. The data is collected from opt-in real consumers.

The company, headquartered in Seattle WA, is led by Roger D Percy (President). Avenace kept its revenues undisclosed.
The executive team includes Penelope Chambers Percy and Roger Cameron Percy.

The company has raised an estimated total of $550,000 via private unregistered security offerings.

Offering recap
Status: On-going
Company: Avenace
Industry: Other Technology
Amount offered: N/A
Amount placed: $100,000
First sale: 04-01-2014
Data as of: 04-03-2014


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