A total of $730,000 was raised by Built In as part of its $1.5 million unregistered private placement. The non-brokered equity securities started to be bought by six investors on May 19th. The offering will remain open until May 2015 while an additional $770,000 worth of securities is sold to investors. It appears to be the first time the company is filling a security offering under a registration exemption.
The company is behind a network of online local communities that offer job board for tech talent, create and curate exclusive content on local start-ups as well as host events and publish data on the tech sector.
The company, headquartered in Chicago IL, is led by Maria Katris (CEO). Built In elected to keep its revenues undisclosed.
The board of directors includes Matt Moog.
Built In is registered under the name Community Ventures.
Status: First close
Company: Built In
Industry: Other Technology
Amount offered: $1.5 million
Amount placed: $730,000
First sale: 05-19-2014
Data as of: 05-31-2014