XDATA – September 24th 2014
PowWow received two commitments for its $4.37 million financing round. Investors committed to buy 62% or $2.72 million worth of equity on September 10th. $1.65 million in additional funding can be raised before September 2015 based on the placement’s structure. This is the first time PowWow is selling securities under a registration exemption.
The company is a virtual desktop application (app) delivery platform that brings enterprise apps to mobile devices. Companies can move existing Windows or web applications to any mobile device in minutes giving their employees the freedom to use the applications and mobile devices of choice.
Andrew Cohen (CEO) leads the San Francisco CA based company which was registered in 2012. PowWow elected to keep its revenues undisclosed.
The executive team includes Jonathan Kaplan.
Status: First close
Amount offered: $4.37 million
Amount placed: $2.72 million
First sale: 09-10-2014
Data as of: 09-24-2014