JumpLinc raised $500,000 from three financial backers a couple of months ago according to information disclosed by the company. The non-brokered equity offering was fully subscribed. No offering was previously initiated by the company under a registration exemption with the SEC.
The company offers fixed and mobile communication network operators a solution to expand their network coverage and/or capacity by efficiently managing their spectrum using a network of small cell. Small cells are low-powered radio access nodes that operate in licensed and unlicensed spectrum that have a range of 10 meters to 1 or 2 kilometers. JumpLinc currently is focused on providing a turnkey installation of small cell indoors and outdoors targeting the top 50 markets in the United States.
The company, headquartered in Denver CO, was registered this year. Revenues were not disclosed.
The executive team includes Mike Miller (CEO).
The board of directors includes Kevin T Reidy and Patrick McCamley.
Industry: Other Technology
Amount offered: $500,000
Amount placed: $500,000
First sale: 01-31-2014
Data as of: 04-14-2014