Intigua disclosed selling $10 million worth of equity securities as part of financing round. The equity securities, which started to sell a couple of months ago, were bought by seven investors. The offering, which is structured under exemption rule 506, has no fundraising cap and is on-going. The equity offering’s estimated net proceeds amount to $9.6 million excluding $400,000 earmarked for the payment of officers’ salaries. No offering was previously initiated by the company under a registration exemption with the SEC. According to an article published by the Boston Business Journal, the company had raised a total of $11 million in January 2013. The fundraising activity was not reported with the SEC possibly due to the location of the company at the time.
Intigua develops and markets an application for IT professionals to virtualize the entire management stack, and simplify IT operations in virtual, cloud & physical environments. The company is backed by Bessemer Venture Partners and the Cedar Fund.
The company is headquartered in Newton MA. Revenues on or below $5 million were reported by Intigua.
The executive team includes Paul Petachya Allerhand and Shimon Hason.
The board of directors includes Amnon Shoham, Ram Metser and Robert Goodman.
Amount offered: N/A
Amount placed: $10 million
First sale: 05-21-2014
Data as of: 07-21-2014
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