A first close of $2.17 million was initiated by Catchafire on its $2.87 million equity offering. So far twenty-four investors committed to the non-brokered placement which started on June 20th. Based on the offering’s structure, the company has until June 2015 to raise an extra $700,000. Two previous unregistered financing rounds raised an estimated $702,000.
Catchafire markets a service that matches non-profit and social organizations with skilled professionals who offer their services on a pro-bono basis.
The company, headquartered in New York NY, is led by Rachael Chong (CEO). Catchafire elected to keep its revenues undisclosed.
The board of directors includes Joshua Mailman and Scott Smith.
The company has raised an estimated total of $2.87 million via private unregistered security offerings.
Status: First close
Industry: Other Technology
Amount offered: $2.87 million
Amount placed: $2.17 million
First sale: 06-20-2014
Data as of: 07-07-2014