Change: offered +0% / raised +554% / placed 100%
XDATA – August 15th 2014
Sarbari initiated the final close of its $2.12 million equity offering. The offer closed after the company raised $1.8 million from one additional investor within a couple of months. At closing, a total of three investors had subscribed to Sarbari‘s offering. This was the first offering under regulation D filed by Sarbari.
Sarbari markets and develops a food supply chain management application for restaurants and culinary professionals. The application (app) automates the task of shopping and tracking food purchases to cut down on administrative tasks and control costs. The app automatically matches invoiced quantities and prices, flags discrepancies and seamlessly loads approved invoices into accounting apps.
The company, headquartered in Allentown PA, is led by Sebastian Serra (President and CEO). Sarbari elected to keep its revenues undisclosed.
The board of directors includes Andrew Derr and Maura Topper.
Industry: Other Technology
Amount offered: $2.12 million
Amount placed: $2.12 million
First sale: 05-09-2014
Data as of: 08-15-2014