SpiderSuite files details on its $150,000 financing


spidersuiteSpiderSuite raised $150,000 from three financial backers on April 3rd according to information disclosed by the company. The non-brokered equity offering was fully subscribed. The equity offering’s estimated net proceeds amount to $90,000 excluding $60,000 earmarked for the payment of officers’ salaries. No offering was previously initiated by the company under a registration exemption with the SEC.

The company develops and markets a cloud-based inspection management platform for the commercial real estate industry. The solution is designed to improve the workflow surrounding inspections and how they are managed between lenders, servicers, inspection firms, and field inspectors.

The company was registered in 2012 and has its headquarters located in Minneapolis MN. Revenues on or below $1 million were reported by SpiderSuite.
The executive team includes Michael Linton.

Offering recap
Status: Completed
Company: SpiderSuite
Industry: Other Technology
Amount offered: $150,000
Amount placed: $150,000
First sale: 04-03-2014
Data as of: 04-24-2014

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