Change: offered +54% / raised +209% / placed 100%
Powerlytics closed its unregistered equity offering after increasing the placement’s size by 54% to $1.7 million. The offer closed after the company raised $1.15 million from eight additional investors within almost a year. At closing, a total of twenty investors had subscribed to Powerlytics’ offering. Up to now Powerlytics had raised an estimated $300,000 in unregistered securities via one financing round.
The company is a financial information provider sourcing its data from IRS tax returns filed between 2002 and 2012. The data covers businesses as well as individuals. The company offers reporting and analytic solutions for benchmarking, market sizing, and research.
The company, headquartered in Doylestown PA, is led by Kevin Sheetz (CEO). Powerlytics kept its revenues undisclosed.
The executive team includes Jose Plehn-Dujowich.
The company has raised an estimated total of $2 million via private unregistered security offerings.
Industry: Other Technology
Amount offered: $1.7 million
Amount placed: $1.7 million
First sale: 12-20-2012
Data as of: 05-23-2014