FINsix’s financing increased by 50% before closing

Change: offered +50% / raised +62% / placed 100%

finsix FINsix‘s equity fundraising closed after its size increased by 50% to $5.23 million. The offer closed after the company raised $2 million from one additional investor within a couple of months. At closing, a total of thirty-three investors had subscribed to FINsix‘s offering. The company closed two unregistered private placements which raised an estimated $5.75 million.

FINsix markets and develops an AC/DC power platform designed to be scalable for applications from 20W to 1kW. The company’s goal is to embed its converters across a range of applications to enable a new class of smaller, lighter, and higher performance power electronics. For now the company is marketing DART, a small, stylish, lightweight laptop adapter that comes in multiple colors.

The company, headquartered in Menlo Park CA, is led by Vanessa Green (CEO). FINsix elected to keep its revenues undisclosed.
The executive team includes Anthony Sagneri.
The board of directors includes Arunas Chesonis, Larry Walker and Matthew Nordan.

The company has raised an estimated total of $10.98 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: FINsix
Industry: Other Energy
Amount offered: $5.23 million
Amount placed: $5.23 million
First sale: 03-31-2014
Data as of: 10-30-2014

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