Mosaixsoft disclosed placing 94% of its $13.35 million non-brokered equity issuance. Based on the filing, four investors started to subscribe to the $12.59 million first close almost two weeks ago. This is the first time Mosaixsoft is selling securities under a registration exemption.
The company is in stealth mode developing cloud infrastructure. It is a Xova Labs alumnus and is backed by Lightspeed Venture Partners.
The company was registered in 2013 and has its headquarters located in Los Altos CA. Mosaixsoft elected to keep its revenues undisclosed.
The executive team includes Brett Galloway.
The board of directors includes Barry Eggers and Nelu Mihai.
Status: First close
Industry: Other Technology
Amount offered: $13.35 million
Amount placed: $12.59 million
SEC filing: Source
First sale: 11-25-2014
Data as of: 12-08-2014