Investors buy $10.45 million worth of Yottaa’s equity

Yottaa disclosed placing 67% of its $15.58 million non-brokered equity issuance. Based on the filing, four investors started to subscribe to the $10.45 million first close almost two weeks ago. $5.13 million in additional funding can be raised before December 2015 based on the placement’s structure. Until this disclosure Yottaa had raised an estimated $17.25 million in unregistered securities via one previous financing round.
Yottaa markets and develops a web infrastructure platform delivering cloud services that improve website speed, visibility and resiliency for an optimized end-user experience on any device, anywhere in the world. The company is backed by General Catalyst Partners, Stata Venture Partners, and Intel Capital.
The company, headquartered in Boston MA, is led by Vick Viren Vaishnavi (CEO). Yottaa elected to keep its revenues undisclosed.
The executive team includes Tim O’Toole.
The board of directors includes Coach S Wei, Dharmesh Thakker, John McMahon, Larry Bohn, Ray Stata and Steven Papa.

The company has raised an estimated total of $27.7 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Yottaa
Industry: Computers
Amount offered: $15.58 million
Amount placed: $10.45 million
SEC filing: Source
First sale: 12-19-2014
Data as of: 12-31-2014
All dollar amounts are derived from filings lodged with the SEC by the company under current and previous names.

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