According to a document filed by Viewpost Holdings with the SEC, the company launched a $35 million non-brokered equity offering. So far Viewpost Holdings sold 12% or $4.05 million worth of new unregistered securities to nine backers. The subscription started on July 18th. An additional $30.95 million in funding is to be raised until the offering draws to a close in July 2015. Until this disclosure Viewpost Holdings had raised an estimated $30 million in unregistered securities via one previous financing round.
Viewpost Holdings develops and markets a network where companies can exchange electronic invoices and payments with other businesses through a single, secure connection. The platform allows businesses to track the status of their invoices and send and receive payments instantly and electronically, to and from any bank. The platform also offers an account-receivable liquidity tool called Viewpost Express payments which allow businesses to see which customers are willing to pay early at a discount.
The company, headquartered in Maitland FL, is led by A Maxwell Eliscu (President and CEO). Viewpost Holdings elected to keep its revenues undisclosed.
The executive team includes Christopher Todd Pierson, Damien Alvin Wolf, Hugh Appleton Ragsdale, Leslie Ann Dello Russo, Luz Del Carmen Hernandez, Marcus Olof Mollersten, Mark Christopher Rosales, Michael John Malone and Patrick Shawn Mcmonagle.
The board of directors includes Ellsworth Samuel Clarke, Frances X Frei, Joseph R Lee, Leonard A Schlesinger, Linda Jeanne Dimopoulos, Raul Socarras, Richard James Walsh, Ronald Lee Edwards and Stephen Paul Elker.
The company has raised an estimated total of $34.05 million via private unregistered security offerings.
C2FO another account-receivable liquidity tool raised $27 million.
Status: First close
Company: Viewpost Holdings
Industry: Other Technology
Amount offered: $35 million
Amount placed: $4.05 million
First sale: 07-18-2014
Data as of: 08-08-2014