Mozido disclosed placing 46% of its $400 million non-brokered equity issuance. Based on the filing, four investors started to subscribe to the $185 million first close almost two weeks ago. The offering will remain open until October 2015 while an additional $215 million worth of securities is sold to investors. Until this disclosure Mozido had raised an estimated $103.47 million in unregistered securities via one previous financing round.
The company was registered in 2013 and has its headquarters located in Austin TX. Mozido elected to keep its revenues undisclosed.
The executive team includes Daniel D O’Malley, David Luther, Garrison Smith and Mike Love.
The board of directors includes Adolfo Salume, Gregory Corona, Peter Smith, Randi Zuckerberg, Robert Selander and Robert Turner.
The company has raised an estimated total of $288.47 million via private unregistered security offerings.
Status: First close
Amount offered: $400 million
Amount placed: $185 million
First sale: 10-10-2014
Data as of: 10-22-2014