Meddle initiated a first close after placing $345,000 with twelve investors. The company’s $500,000 non-brokered equity financing started to sell almost two weeks ago. $155,000 in additional funding can be raised before March 2015 based on the placement’s structure. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.
The company designed and manages a social network for individuals and organizations to showcase their insights and build their “brands”. The social platform is built as a content marketing tool for professionals to create engaging and insightful content for their social networks.
Meddle, registered in 2014, is headquartered in Atlantic Highlands NJ. It is led by Vidar Brekke (CEO and President). Revenues were not disclosed.
The executive team includes Balaram Kommireddi.
The board of directors includes Gregg Young.
Status: First close
Industry: Other Technology
Amount offered: $500,000
Amount placed: $345,000
First sale: 03-27-2014
Data as of: 04-09-2014