Trusper files for first close after raising $16 million

XDATA – September 16th 2014

trusper Trusper‘s first close reached $16.02 million. The company’s $20 million non-brokered equity issue was 80% sold to eleven investors. The first commitments were received last Thursday. Based on the offering’s structure, the company has until September 2015 to raise an extra $3.98 million. Until this disclosure Trusper had raised an estimated $8.07 million in unregistered securities via one previous financing round.

Trusper develops and markets a free mobile app and website that allows users to quickly share and discover tips of daily life with trusted friends, family, and fans.

The company, headquartered in San Jose CA, is led by Jack Jia (President). Trusper elected to keep its revenues undisclosed.
The executive team includes Mark Thompson.
The board of directors includes David Chao and Lei Zhang.

The company has raised an estimated total of $24.09 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Trusper
Industry: Other Technology
Amount offered: $20 million
Amount placed: $16.02 million
First sale: 09-11-2014
Data as of: 09-12-2014

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