Pricing platform Scientific Revenue reports $1.5 million raised at first close


XDATA – October 8th 2015
Scientific Revenue received two commitments for its $2.5 million financing round. Investors committed to buy 60% or $1.5 million worth of equity almost two weeks ago. $1 million in additional funding can be raised before September 2016 based on the placement’s structure. Until this disclosure Scientific Revenue had raised an estimated $3.01 million in unregistered securities via one previous financing round.
Scientific Revenue markets a platform dedicated to maximizing the money mobile developers make from their creative work. With an SDK already integrated in games with over 100 million total downloads, the company’s dynamic pricing engine for in-app purchases typically boosts payment conversions by 15 percent, and overall revenue by 20-40%. The company is backed by Walden Venture Capital.
William Grosso (President) leads the San Mateo CA based company which was registered in 2013. Scientific Revenue elected to keep its revenues undisclosed.
The board of directors includes Jack Tretton and Larry Marcus.

The company has raised an estimated total of $4.51 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Scientific Revenue
Industry: Other
Amount offered: $2.5 million
Amount placed: $1.5 million
SEC filing: Source
First sale: 09-25-2015
Data as of: 10-08-2015

 

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