Connected car platform developer Vinli reports $6.5 million investment round

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Vinli raised $6.5 million as part of a fully subscribed non-brokered equity offering. The subscription, which started on May 22nd, lured five investors. No offering was previously initiated by the company under a registration exemption with the SEC.
Vinli develops and commercializes an open source connected-car platform that connects to the car’s data port. Smartphone and computer applications enable users to communicate with their car and make them smarter.
The company was registered in 2014 and has its headquarters located in Dallas TX. Vinli elected to keep its revenues undisclosed.
The executive team includes Derek Chapin and Mahmoud Haidar.
The board of directors includes David Liniado, Luis Arbulu and Scott Harper.
Offering recap
Status: Completed
Company: Vinli
Industry: Other Technology
Amount offered: $6.5 million
Amount placed: $6.5 million
SEC filing: Source
First sale: 05-22-2015
Data as of: 06-05-2015

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