Collaboration software developer Numeracy reports $1.5 million raised at first close


XDATA – October 13th 2015
Numeracy received two commitments for its $2 million financing round. Investors committed to buy 75% or $1.5 million worth of equity on September 29th. Based on the offering’s structure, the company has until September 2016 to raise an extra $500,000. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.
Numeracy develops a collaboration application that takes the hassle out of using spreadsheets with features like inline conversations, insightful version history, and completely new ways to share work.
Numeracy, registered in 2015, is headquartered in San Francisco CA. It is led by Brian Smith (CEO). Revenues were not disclosed.
Offering recap
Status: First close
Company: Numeracy
Industry: Other Technology
Amount offered: $2 million
Amount placed: $1.5 million
SEC filing: Source
First sale: 09-29-2015
Data as of: 10-13-2015

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