Change: offered +34% / raised +48% / placed 78%
XDATA – September 8th 2014
Zignal Labs upped its financing to $13.74 million from $10.24 million after receiving new commitments. An additional $3.47 million worth of securities was placed by the company with thirteen investors since the company last released data a few months ago. This brings to $10.7 million the amount raised from the nineteen backers who subscribed to the offering. The subscription is structured to close once the 22% left is fully subscribed or next May at the latest. Up to now Zignal Labs had raised an estimated $4.8 million in unregistered securities via one financing round. An undisclosed portion of the offering is related to the conversion of debt into equity.
Zignal Labs develops and markets a big data social and digital media analytic and monitoring platform. The company captures real-time online conversations and filter them into relevant issue categories, making it easy to quickly identify key trending stories.
The company, headquartered in San Francisco CA, is led by Adam Beaugh (CEO). Zignal Labs elected to keep its revenues undisclosed.
The executive team includes James Hornthal and Joshua Ginsberg.
The board of directors includes Andrew Ballard and Mitchell Cohen.
The company has raised an estimated total of $15.5 million via private unregistered security offerings.
Status: Intermediary close
Company: Zignal Labs
Industry: Other Technology
Amount offered: $13.74 million
Amount placed: $10.7 million
First sale: 05-20-2014
Data as of: 09-08-2014