Ahalogy files for first close after raising 91%

ahalogy Ahalogy‘s first close reached $2.27 million. The company’s $2.5 million non-brokered equity issue was 91% sold to twelve investors. The first commitments were received a week ago. Until this disclosure Ahalogy had raised an estimated $3.2 million in unregistered securities via one previous financing round.

Ahalogy markets and develops a Pinterest marketing optimization platform. The company’s proprietary technology, authentic content network and access to analytics and insights maximize the likelihood of consumers viewing content, following a brand and converting to revenue. It charges brands only for results. Financial backers include Hyde Park Venture Partners, Origin Ventures, CincyTech, Hyde Park Angels, North Coast Angel Fund and Vine Street Ventures.

Michael Wohlschlaeger (CEO) leads the Cincinnati OH based company which was registered in 2013. Ahalogy elected to keep its revenues undisclosed.
The executive team includes Robert Gilbreath.
The board of directors includes Brent Hill and Tim Kopp.

The company has raised an estimated total of $5.47 million via private unregistered security offerings.

Ahalogy is registered under the name MLW Squared

Offering recap
Status: First close
Company: Ahalogy
Industry: Other Technology
Amount offered: $2.5 million
Amount placed: $2.27 million
First sale: 10-07-2014
Data as of: 10-14-2014

For more information visit www.XDATA.co


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