Gusto issues $500,000 worth of securities

XDATA – August 29th 2014

gusto33% of Gusto‘s $1.5 million unregistered private offering was placed on August 12th. The non-brokered equity securities were subscribed by three investors. The first close garnered $500,000. The offering will remain open until August 2015 while an additional $1 million worth of securities is sold to investors. This is the first time Gusto is selling securities under a registration exemption.

Gusto develops and markets a mobile application for e-mail visualization and attachments download. The app saves all files and photos users sent or received in a single place, automatically, across all email accounts.

Shawn Schwegman (CEO) leads the Indianapolis IN based company which was registered in 2012. Gusto elected to keep its revenues undisclosed.
The board of directors includes Gerald J Longa, Jason Kellerman, Peter K Hawryluk and Ting Gootee.

Offering recap
Status: First close
Company: Gusto
Industry: Other Technology
Amount offered: $1.5 million
Amount placed: $500,000
First sale: 08-12-2014
Data as of: 08-27-2014

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