Investors buy $12.14 million worth of Urban Airship’s equity

urban airship Urban Airship disclosed placing 60% of its $20.11 million non-brokered equity issuance. Based on the filing, three investors started to subscribe to the $12.14 million first close on October 8th. $7.98 million in additional funding can be raised before October 2015 based on the placement’s structure. A total of five unregistered securities offerings closed by the company raised an estimated $46.77 million.

Urban Airship develops and markets engagement solutions for brands. The company’s solutions streamline the creation, delivery and management of highly targeted cross-platform mobile push messages, in-app messages, rich app pages, Apple Passbook passes and Google Wallet cards. Investors include True Ventures, Foundry Group and August Capital.

The company is headquartered in Portland OR. Urban Airship elected to keep its revenues undisclosed.
The executive team includes Brett Caine, Mike Temple and Suk Kim.
The board of directors includes Jason Mendelson, John Johnston, Pete Grillo and Puneet Agarwal.

The company has raised an estimated total of $58.91 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Urban Airship
Industry: Other Technology
Amount offered: $20.11 million
Amount placed: $12.14 million
First sale: 10-08-2014
Data as of: 10-22-2014

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