XDATA – September 29th 2014
Late filer Teleport sold a total of $2.5 million in a non-brokered equity investment round. The transaction which started last May, garnered the support of eighteen investors. No offering was previously initiated by the company under a registration exemption with the SEC.
Teleport develops and markets a search engine to help people re-locate. The company is backed by Andreessen Horowitz, SVAngel and Seedcamp.
Teleport, registered in 2014, is headquartered in Palo Alto CA. It is led by Sten Tamkivi (President and CEO). Revenues were not disclosed.
Industry: Other Technology
Amount offered: $2.5 million
Amount placed: $2.5 million
First sale: 05-16-2014
Data as of: 09-29-2014