Zanbato closed its equity security offering after increasing its fundraising cap


Change: offered +26% / raised +73% / placed 100%
XDATA – October 7th 2015
Zanbato closed its unregistered equity offering after increasing the placement’s size by 26% to $15.06 million. The offer closed after the company raised $6.36 million from two additional investors within six months. At closing, a total of twenty-five investors had subscribed to Zanbato‘s offering. Up to now Zanbato had raised an estimated $200,000 in unregistered securities via one financing round.
Zanbato develops transaction management platform for family offices and other institutional investors to invest in private placements. The platform provide members with access to investment opportunities, aligned co-investment partners, and a suite of tools to coordinate and evaluate transactions. Financial backers include AITV (Accelerate-IT Ventures) and Formation 8.
The company, headquartered in Mountain View CA, is led by Knut Nicolai Sand (CEO). Zanbato elected to keep its revenues undisclosed.
The executive team includes Gregory L Wright and Victor Chiang.
The board of directors includes Bill M Malloy and Joseph Lonsdale.

The company has raised an estimated total of $15.26 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Zanbato
Industry: Other Technology
Amount offered: $15.06 million
Amount placed: $15.06 million
SEC filing: Source
First sale: 03-20-2015
Data as of: 10-02-2015

 

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