XDATA – September 18th 2014
Entelo raised $4.93 million from three financial backers on September 4th according to information disclosed by the company. The non-brokered equity offering was fully subscribed. No offering was previously initiated by the company under a registration exemption with the SEC.
The company disclosed via press release raising $3.5 million in June 2013, however no documents were filed with the SEC related to this transaction.
Entelo markets and develops a recruiting platform that leverages big data, predictive analytics and social signals to help recruiting organizations find, qualify and engage with in-demand talent. The company’s Entelo Search gives unprecedented access to profiles of over 25 million candidates, each filled with data from social sites such as Github, Dribbble, Quora, Twitter, and more. On the predictive side Entelo Sonar is design to find candidates that are ready to change jobs. Financial backers include Battery Ventures and Menlo Ventures.
The company, headquartered in San Francisco CA, is led by Jonathan Bischke (President). Entelo elected to keep its revenues undisclosed.
The board of directors includes Roger Lee.
Industry: Other Technology
Amount offered: $4.93 million
Amount placed: $4.93 million
First sale: 09-04-2014
Data as of: 09-18-2014