Mobile ticketing developer, GlobeSherpa, disclosed information on its $1 million debt issuance

globesherpaGlobeSherpa reported selling 79% of its debt issuance via a subscription which launched almost two weeks ago. According to the information disclosed, twenty subscribers ponied up $790,000 out of the $1 million the company expected to raise. Based on the offering’s structure, the company has until April 2015 to raise an extra $210,000. Two previous unregistered financing rounds raised an estimated $2.5 million. The company is a finalist for the Oregon Technology Awards.

The company designed a ticketing platform for transit systems interested in moving to open payments, open data, and mobile fare collection with minimal infrastructure investment. The company leveraged its platform to also developed easy-to-use mobile ticketing applications for parking and events.

The company, headquartered in Portland OR, is led by Nathaniel Parker (President). GlobeSherpa kept its revenues undisclosed.
The executive team includes Michael L Gray.
The board of directors includes Carolyn Young, Nitin Rai and Scott Grout.

The company has raised an estimated total of $3.29 million via private unregistered security offerings.

Offering recap
Status: First close
Company: GlobeSherpa
Industry: Other Technology
Amount offered: $1 million
Amount placed: $790,000
First sale: 04-10-2014
Data as of: 04-23-2014


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