XDATA – August 11th 2014
So far eighteen investors participated to LiquidSpace‘s $20 million non-brokered financing round. Financial backers bought, one month ago, 70% of the offering or $14.02 million worth of equity. Based on the offering’s structure, the company has until July 2015 to raise an extra $5.98 million. Two previous unregistered financing rounds raised an estimated $1.81 million.
The company is an online marketplace to find temporary co-working spaces, office and meeting room rentals that can be booked by the hour or for the day.
The company is headquartered in Palo Alto CA. LiquidSpace elected to keep its revenues undisclosed.
The executive team includes Doug Marinaro and Mark Gilbreath.
The board of directors includes Mike Maples, Samuel Nickless and Tod Francis.
The company has raised an estimated total of $15.82 million via private unregistered security offerings.
Status: First close
Amount offered: $20 million
Amount placed: $14.02 million
First sale: 07-03-2014
Data as of: 08-11-2014