Change: offered +114% / raised +19% / placed 47%
WineRing upped its equity financing by 114% to $3.83 million following additional commitments. An additional $285,000 worth of securities was placed by the company with six investors since the company last released data last March. This brings to $1.79 million the amount raised from the twenty-five backers who subscribed to the offering. The offering is most likely closed, based on the structure it was scheduled to close on December 21st 2013. This is the first offering of unregistered securities under regulation D reported by WineRing.
WineRing develops and markets a wine discovery and recommendation application. Users rate the wine they drink and the company uses extensive database and its proprietary algorithm to recommend new wine.
Pamela Dillon (CEO) leads the Syracuse NY based company which was registered in 2012. WineRing kept its revenues undisclosed.
The executive team includes Andrew Sussman.
The board of directors includes Victor Von Klemperer.
WineRing is registered under the name Wine Ring.
Status: Intermediary close
Industry: Other Technology
Amount offered: $3.83 million
Amount placed: $1.79 million
First sale: 12-21-2012
Data as of: 07-25-2014
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