First close initiated by 3D Data after raising 33% of its $750,000 target

3D dataOne investor bought $250,000 worth of mezzanine securities from 3D Data today. According to the data disclosed, the company expects to raise a total of $750,000 via this non-brokered financing. The offering will remain open until June 2015 while an additional $500,000 worth of securities is sold to investors. The mezzanine offering’s expected net proceeds will amount to $670,000 which excludes $80,000 to be paid toward officers’ salaries. Unregistered securities don’t appear to have been previously sold by the company.

3D Data designs and develops an application (app) that is converting sensor generated data into 3D spacial information. The company is in stealth mode.

Matthew Cabrera (CEO) leads the Quincy MA based company which was registered in 2013. 3D Data disclosed having revenues on or below $1 million.
The executive team includes Christopher Fitzhugh.

Offering recap
Status: First close
Company: 3D Data
Industry: Other Technology
Amount offered: $750,000
Amount placed: $250,000
First sale: 06-02-2014
Data as of: 06-02-2014


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