Rapid7 completed a new equity offering

rapid7 Rapid7 sold a total of $31.16 million in a non-brokered equity investment round. The transaction which started a little over a week ago, garnered the support of seventeen investors. It appears to be the first time the company is filling a security offering under a registration exemption.
Rapid7 develops and markets IT security data and analytic solutions that collect, contextualize and analyze the security data needed to reduce threat exposure and detect compromise. The company offers advanced capabilities for vulnerability management, penetration testing, controls assessment, incident detection and investigation across assets and users for virtual, mobile, private and public cloud networks. Investors include Bain Capital Ventures, Technology Crossover Ventures
The company, headquartered in Boston MA, is led by Corey E Thomas (CEO). Rapid7 elected to keep its revenues undisclosed.
The executive team includes Lee Weiner, Michael McKee, Richard Moseley and Steven Gatoff.
The board of directors includes Alan Matthews, Ben Holzman, Ben Nye, Chris Young, Jack Sweeney, Michael Berry and Tim McAdam.

The company reported in the past issuing an estimated $2.08 million worth of securities in conjunction with an M&A transaction.

Offering recap
Status: Completed
Company: Rapid7
Industry: Other Technology
Amount offered: $31.16 million
Amount placed: $31.04 million
SEC filing: Source
First sale: 12-09-2014
Data as of: 12-16-2014

For more information visit www.XDATA.co


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s