XDATA – August 12th 2014
92% of Photobucket‘s $3.48 million unregistered private offering was placed almost two weeks ago. The non-brokered equity securities were subscribed by four investors. The first close garnered $3.19 million. Until this disclosure Photobucket had raised an estimated $8.72 million in unregistered securities via one previous financing round.
The company is an image and video hosting website. The company offers a host of web-based services to share, edit and print pictures.
The company is headquartered in Denver CO. Photobucket elected to keep its revenues undisclosed.
The executive team includes Matt Pullam and Tom Munro.
The board of directors includes Bill Mcaleer, Erik Moreno, Liping Fan, Ren Riley, Steve Coffey and Tom Huseby.
The company has raised an estimated total of $11.91 million via private unregistered security offerings.
Status: First close
Industry: Other Technology
Amount offered: $3.48 million
Amount placed: $3.19 million
First sale: 07-30-2014
Data as of: 08-12-2014