Exo Labs filed for first close after raising 69% of its financing round


exo labs$343,000 worth of mezzanine securities started to be placed by Exo Labs a little over a week ago. Based on the information disclosed, a total of nine investors bought 69% of the $500,000 security offering. $157,000 in additional funding can be raised before April 2015 based on the placement’s structure. Two previous unregistered financing rounds raised an estimated $2.64 million. The company also raised $36,000 on kickstarter in mid 2013.

The company designed a microscope camera that plugs into virtually any microscope and streams the image to an iPad, where users can then take photos, make annotations, measurements, and more. The camera has been created with students in mind, specifically to engage them and help them interact with what they see using a tool they are familiar with.

The company, headquartered in Seattle WA, is led by Michael Baum (CEO). Exo Labs kept its revenues undisclosed.

The executive team includes Jeffrey Stewart.
The board of directors includes John Harris, Jong Lee and Mark Li.

The company has raised an estimated total of $2.98 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Exo Labs
Industry: Other Technology
Amount offered: $500,000
Amount placed: $343,000
First sale: 04-09-2014
Data as of: 04-17-2014

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