SkillBridge disclosed information on its $1 million debt issuance


skillbridgeSkillBridge reported selling 30% of its debt issuance via a subscription which launched a little over a week ago. According to the information disclosed, twelve subscribers ponied up $300,000 out of the $1 million the company expected to raise. The offering will remain open until May 2015 while an additional $700,000 worth of securities is sold to investors. This is the first debt financing done by the company under a registration exemption.

SkillBridge develops and markets an online talent marketplace for businesses to find top-quality yet affordable business freelancers for short-term projects.

Rajeev Jeyakumar (President) leads the New York NY based company which was registered in 2013. SkillBridge kept its revenues undisclosed.
The board of directors includes Bredesen (Brett) Lewis.

Offering recap
Status: First close
Company: SkillBridge
Industry: Other
Amount offered: $1 million
Amount placed: $300,000
First sale: 05-09-2014
Data as of: 05-16-2014

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