|$3.25 million was raised by late filer Deep Forest Media according to information filed with the SEC. The company initiated a first close after selling 57% of its planned $5.75 million unregistered private offering. The non-brokered equity securities started to be sold to six investors last July. $2.5 million in additional funding can be raised before July 2015 based on the placement’s structure. This is not the first time the company files unregistered securities with the SEC according to a concurrent filing.|
|Deep Forest Media develops and markets an adaptive demand-side platform for digital mobile advertising buyers to manage multiple ad exchange, data exchange accounts and campaigns.|
|Maram Nagendraprasad (CEO) leads the Palo Alto CA based company which was registered in 2012. Deep Forest Mediaelected to keep its revenues undisclosed.
The executive team includes Satish Krishnamurthy.
The board of directors includes Gregory Milken and Sumant Mandal.
In a concurrent filing, Deep Forest Media disclosed having raised $1.71 million in a fully subscribed offering.
Status: First close
Company: Deep Forest Media
Industry: Other Technology
Amount offered: $5.75 million
Amount placed: $3.25 million
SEC filing: Source
First sale: 07-29-2014
Data as of: 12-22-2014