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

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