A $575,000 unregistered mezzanine investment round initiated by Gaatu was subscribed by eleven financial backers. According to the information disclosed, the placement started a little over a week ago and was fully subscribed. One prior placement was closed under regulation D by the company and raised an estimated $57,000.
Gaatu develops and markets an e-commerce platform and related services for auto parts manufacturers. Services offered include: market analysis, multi-channel selling automation, inventory management, local warehouse and fulfillment, payment, accounting, and after sale customer service. The platform replaces wholesalers and empowers manufacturers to set competitive prices as well as providing them with greater market visibility for production runs. The beta application launched in March 2013.
Yubin Pu (President) leads the San Jose CA based company which was registered in 2013. Gaatu kept its revenues undisclosed.
The board of directors includes Changsong Zhu and Mingsong Chen.
The company has raised an estimated total of $632,000 via private unregistered security offerings.
Industry: Other Technology
Amount offered: $575,000
Amount placed: $575,000
First sale: 05-13-2014
Data as of: 05-22-2014