Access Media disclosed in an SEC filing, launching a $1 million non-brokered equity financing round. The placement is structured to close in May 2015 should the fundraising target not be reached. The company didn’t report selling securities thus far. This is the first time the company is filling a security offering under a registration exemption with the SEC.
The company developed and markets a content distribution platform called “SideDoor”. The company uses its proprietary algorithm combined with scraping technology and taxonomy to enhance content relevancy to provide the best match for native advertising between publishers and advertisers. Native advertising is a form of paid media where the ad experience follows the natural form and function of the user experience in which it is placed. The platform allows publishers to generate revenue while offering relevant content to visitors and advertisers to drive engaged traffic to their sites.
Nic Paul (CEO) leads the Los Angeles CA based company which was registered in 2013. Access Media elected to keep its revenues undisclosed.
The executive team includes Cham Kim (COO).
Company: Access Media
Industry: Other Technology
Amount offered: $1 million
First sale: 04-21-2014
Data as of: 05-01-2014