VenueBook unveils details on its $6.62 million unregistered offering


XDATA – October 13th 2015
After twenty-three financial backers subscribed to 72% of its equity financing round, VenueBook disclosed initiating a first close after raising $4.8 million. The subscription to the $6.62 million non-brokered private placement started on September 25th according to information filed with the SEC. Based on the offering’s structure, the company has until September 2016 to raise an extra $1.82 million. The company closed three previous unregistered private placements which raised an estimated $3.37 million.
VenueBook markets and develops a cloud-based, collaborative platform which streamlines the booking and event execution process for planners, venue managers and their staff. Financial backers include Joanne Wilson, I2BF Global Ventures, Cayuga Ventures, MI Ventures, Kindler Capital and Victoria Grace.
The company, headquartered in New York NY, is led by Kelsey Recht (CEO). VenueBook elected to keep its revenues undisclosed.
The executive team includes John Martin and Jonathan Katz.
The board of directors includes Daniel Lizio-Katzen, Joanne Wilson and Victoria Grace.

The company has raised an estimated total of $8.17 million via private unregistered security offerings.

VenueBook is registered under the name InstEvent.

Offering recap
Status: First close
Company: VenueBook
Industry: Other
Amount offered: $6.62 million
Amount placed: $4.8 million
SEC filing: Source
First sale: 09-25-2015
Data as of: 10-13-2015

Hey if you didn’t know about it, maybe it is time to add XDATA as part of your market monitoring regimen, 14 days free trials are availableĀ here.

For more information visit www.XDATA.co

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s