|Change: offered +53% / raised +91% / placed 85%|
|Locuslabs upped its mezzanine financing by 53% to $1.3 million following additional commitments. An additional $525,000 worth of securities was placed by the company with seven investors since the company last released data last August. This brings to $1.1 million the amount raised from the fifteen backers who subscribed to the offering. The subscription is structured to close once the 15% left is fully subscribed or in six months at the latest. This is the first offering by Locuslabsdone under a registration exemption.|
|Locuslabs markets and develops an platform that leverages indoor location technologies such as iBeacon and Wi-Fi to provide maps, navigation, rich search, and location. The company is launching its first product designed for airports.|
|Campbell Kennedy (President) leads the San Francisco CA based company which was registered in 2013. Revenues were not reported.
The executive team includes Jason McMinn and Samuel Ziegler.
Status: Intermediary close
Amount offered: $1.3 million
Amount placed: $1.1 million
SEC filing: Source
First sale: 07-25-2014
Data as of: 01-02-2015