Xambala launched a $24.24 million offering and placed 81%

xambalaAccording to a document filed by Xambala with the SEC, the company launched a $24.24 million non-brokered equity offering. So far Xambala sold 81% or $19.6 million worth of new unregistered securities to ten backers. The subscription started a couple of months ago. Based on the offering’s structure, the company has until August 2015 to raise an extra $4.64 million. A total of eight unregistered securities offerings closed by the company raised an estimated $56.19 million.

Xambala develops and markets high-throughput, low-latency, message stream processing subsytem for trading in the financial marketplace. The technology enables rapid price discovery which paired with a significant trading volume, enhances the liquidity of financial markets by making them more efficient, according to the company.

The company is headquartered in Sunnyvale CA. Xambala elected to keep its revenues undisclosed.
The executive team includes Daniel Trepanier.

In a concurrent filing, Xambala disclosed having raised $5 million in a fully subscribed offering.
The company has raised an estimated total of $80.79 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Xambala
Industry: Other Technology
Amount offered: $24.24 million
Amount placed: $19.6 million
First sale: 08-28-2014
Data as of: 10-21-2014

For more information visit www.XDATA.co


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