Neverware closed its equity security offering after increasing its fundraising cap

Change: offered +34% / raised +58% / placed 100%

neverwareNeverware closed its unregistered equity offering after increasing the placement’s size by 34% to $6.58 million. The offer closed after the company raised $2.42 million from three additional investors within almost a year. At closing, a total of twenty investors had subscribed to Neverware‘s offering. This was the first offering under regulation D filed by Neverware.

The company is focused on designing, building, deploying and supporting an innovative service and technology that enables schools to run cutting edge software on aging hardware by turning old computers into a powerful workstation.
The company, headquartered in New York NY, is led by Jonathan Hefter (CEO). Neverware elected to keep its revenues undisclosed.
The executive team includes Andrew Bauer.
The board of directors includes Michael Walden.

Offering recap
Status: Completed
Company: Neverware
Industry: Computers
Amount offered: $6.58 million
Amount placed: $6.58 million
First sale: 12-13-2013
Data as of: 10-14-2014

For more information visit


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s