iM5 reached the $325,000 mark raised via its debt financing

Change: offered +0% / raised +189% / placed 43%

im5iM5 disclosed having increased subscription by 189% on its $750,000 debt financing. An additional $213,000 worth of securities was placed by the company with six investors since the company last released data almost a year ago. This brings to $325,000 the amount raised from the eight backers who subscribed to the offering. The subscription will close either once the offering is sold in full or in the last couple of months, whichever one comes first. The company is issuing unregistered securities for the first time.

iM5 develops and markets a free social network organized around crowdsourcing ideas and engagement based on common interests. The platform is exclusively dedicated to foster users’ intent of taking real-life action, whether it’s finding upcoming events, achieving personal goals, or collaborating to create social change. The application is available for iOS and Android.

Thomas Klein (CEO) leads the Mt. Pleasant SC based company which was registered in 2012. iM5 kept its revenues undisclosed.
The board of directors includes Andre Refay.

Offering recap
Status: Intermediary close
Company: iM5
Industry: Other Technology
Amount offered: $750,000
Amount placed: $325,000
First sale: 08-19-2013
Data as of: 06-06-2014


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