One investor bought $250,000 worth of mezzanine securities from Torrential on May 16th. According to the data disclosed, the company expects to raise a total of $500,000 via this non-brokered financing. $250,000 in additional funding can be raised before May 2015 based on the placement’s structure. One prior placement was closed under regulation D by the company and raised an estimated $500,000.
The company is a provider of mobile video advertising campaign solutions. The company’ s proprietary technology platform connects brand advertisers with desired mobile audiences by selling and distributing video advertising formats on smartphones and tablets.
Douglas Mccurdy (President) leads the New York NY based company which was registered in 2012. Torrential kept its revenues undisclosed.
The board of directors includes Matthew Wasserlauf.
The company has raised an estimated total of $750,000 via private unregistered security offerings.
Status: First close
Industry: Other Technology
Amount offered: $500,000
Amount placed: $250,000
First sale: 05-16-2014
Data as of: 06-04-2014