Change: offered +40% / raised +195% / placed 83%
XDATA – September 18th 2014
iSENTIUM upped its equity financing by 40% to $4.63 million following additional commitments. A total of eight additional backers invested $2.53 million in the company’s offering. The prior information, filed almost a year ago, stated one investor had committed $1.3 million. iSENTIUM‘s offering has $800,000 left up for subscription. The subscription is structured to close once the 17% left is fully subscribed or in the last couple of months at the latest. This is the first offering initiated by the company under regulation D of the Securities Act of 1933.
iSENTIUM develops and markets a platform that analyses finance related tweets to deliver predictive, real-time financial market sentiment analytics to institutional investors.
Gautham Sastri (President) leads the Miami Beach FL based company which was registered in 2013. iSENTIUM elected to keep its revenues undisclosed.
The executive team includes Sameer Gupta.
The board of directors includes Marc Spilker and Robert Rouleau.
Status: Intermediary close
Industry: Other Technology
Amount offered: $4.63 million
Amount placed: $3.83 million
First sale: 11-26-2013
Data as of: 09-18-2014