Protenus files details on its $50,000 financing

protenusProtenus raised $50,000 from three financial backers last Saturday according to information disclosed by the company. The non-brokered equity offering was fully subscribed. The equity offering’s estimated net proceeds amount to $38,000 excluding $12,000 earmarked for the payment of officers’ salaries. No offering was previously initiated by the company under a registration exemption with the SEC. The company is backed by accelerator dreamIt ventures.

The company markets an application (app) for hospitals which detects inappropriate electronic health records (EMR) access in real-time, with a focus on insider threats. By addressing unauthorized access at the moment of breach, the company’s solution will impact employee’s behavior to better protect patient privacy and minimize the risk of lawsuits, fines, and protect the establishment’s reputation.

The company, headquartered in Nottingham MD, was registered this year. The company reported having no revenues.

The board of directors includes Nicholas Culbertson and Robert Lord.

Offering recap
Status: Completed
Company: Protenus
Industry: Other Technology
Amount offered: $50,000
Amount placed: $50,000
First sale: 04-26-2014
Data as of: 05-02-2014


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