Scripted’s offering lures sixteen backers

scripted So far sixteen investors participated to Scripted‘s $9 million non-brokered financing round. Financial backers bought, almost two weeks ago, 98% of the offering or $8.8 million worth of equity. The company closed four previous unregistered private placements which raised an estimated $1.75 million.

Scripted develops an online marketplace that allows businesses to hire freelance writers for blogs, articles, and bulk social media posts. The platform offers free topic pitching, plagiarism detection, round of revisions, 100% transfer of ownership, and five business day turnaround. Financial backers include Crosslink Capital and Redpoint Ventures.

The company, headquartered in San Francisco CA, is led by Sunil Rajaraman (CEO). Scripted elected to keep its revenues undisclosed.
The executive team includes John David Peterson, Ronald Michael Ablaza, Ryan Buckley and Thomas Cameron.
The board of directors includes Chris Moore, Eric Chin, Jon Miller and Tae Hea Nahm.

The company has raised an estimated total of $10.55 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Scripted
Industry: Other Technology
Amount offered: $9 million
Amount placed: $8.8 million
First sale: 11-13-2014
Data as of: 11-22-2014

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