XDATA – September 12th 2014
$15 million was raised by late filer Formation Data Systems following the successful placement and issuance of its unregistered equity securities. A total of forty-one investors participated to the non-brokered placement which started last January. No offering was previously initiated by the company under a registration exemption with the SEC.
The company is developing a converged data platform.
The company was registered in 2012 and has its headquarters located in Fremont CA. Formation Data Systems elected to keep its revenues undisclosed.
The executive team includes Andrew Jenks and Mark Lewis.
The board of directors includes Anthony Bettencourt, Carl Ledbetter and Robert Schwartz.
Company: Formation Data Systems
Industry: Other Technology
Amount offered: $15 million
Amount placed: $15 million
First sale: 01-31-2014
Data as of: 09-11-2014