Investors buy $5 million worth of Caringo’s equity


caringoCaringo disclosed placing 63% of its $8 million non-brokered equity. Based on the filing, three investors started to subscribe to the $5 million first close on July 9th. $3 million in additional funding can be raised before July 2015 based on the placement’s structure. The company closed three previous unregistered private placements which raised an estimated $10.83 million.

Caringo markets and develops object storage software that gives users control over any volume, flow or size of unstructured information. The company is backed by Vodafone Ventures and Austin Ventures.

The company, headquartered in Austin TX, is led by Mark Goros (CEO). Caringo elected to keep its revenues undisclosed.
The executive team includes Jeff Mims, Jonathan Ring and Paul Carpentier.
The board of directors includes David Lee.

The company has raised an estimated total of $15.83 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Caringo
Industry: Other Technology
Amount offered: $8 million
Amount placed: $5 million
First sale: 07-09-2014
Data as of: 07-21-2014

For more information visit www.XDATA.co

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