Change: offered +50% / raised +207% / placed 72%
Tapcentive‘s $1 million debt financing round increased by 50% to cap at $1.5 million. One new investor bought $725,000 worth of securities since the company last released data three weeks ago. This brings to $1.08 million the amount raised from the five backers who subscribed to the offering. The subscription is structured to close once the 28% left is fully subscribed or in about a year at the latest. This is the first time securities are issued by Tapcentive 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.
Status: Intermediary close
Industry: Other Technology
Amount offered: $1.5 million
Amount placed: $1.08 million
First sale: 02-03-2014
Data as of: 04-15-2014