Plantbid’s offering lures sixteen backers


XDATA – September 10th 2014

ippsysSo far sixteen investors participated to Plantbid‘s $1.5 million non-brokered financing round. Financial backers bought, on August 26th, 60% of the offering or $901,000 worth of equity. $599,000 in additional funding can be raised before August 2015 based on the placement’s structure. Until this disclosure Plantbid had raised an estimated $650,000 in unregistered securities via one previous financing round.

Plantbid develops and markets an online horticulture procurement platform for landscaping professionals. The platform allows users to enter the complete list of plants they are looking for and source from nurseries nationwide. The company offers different plans as well as brokerage services.

The company was registered in 2012 and has its headquarters located in Madisonville LA. Revenues on or below $5 million were reported by Plantbid.
The executive team includes Cameron T Cantrelle, Clay Mccord Cantrelle, David W Wooden and Theodore W Ellefson.

The company has raised an estimated total of $1.55 million via private unregistered security offerings.

Plantbid is registered under the name IppSys

Offering recap
Status: First close
Company: Plantbid
Industry: Other Technology
Amount offered: $1.5 million
Amount placed: $901,000
First sale: 08-26-2014
Data as of: 09-10-2014

For more information visit www.XDATA.co

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