SnapLogic issues $25 million worth of equity


XDATA – October 19th 2015
SnapLogic‘s first close reached $25.31 million. The company’s $37.08 million non-brokered equity issue was 68% sold to eleven investors. The first commitments were received on October 2nd. $11.78 million in additional funding can be raised before October 2016 based on the placement’s structure. A total of five unregistered securities offerings closed by the company raised an estimated $36.23 million.
SnapLogic markets and develops data and application integration tools for connecting cloud data sources, software-as-aservice (SaaS) applications as well as on-premise business applications. Pre-built intelligent connectors called “Snaps” enable cloud to cloud and cloud (including social data sources like Facebook, Twitter and LinkedIn) to on-premises integration with enterprise resource planning (ERP) applications like SAP and Oracle EBS, databases and files. The company is backed by Ignition Partners, Andreessen Horowitz, H. Barton Asset Management, Pharus Capital Management and Triangle Peak Partners.
The company, headquartered in San Mateo CA, is led by Gaurav Dhillon (CEO). SnapLogic elected to keep its revenues undisclosed.
The executive team includes Spencer Punter.
The board of directors includes Frank Artale and Scott Kupor.

The company has raised an estimated total of $61.53 million via private unregistered security offerings.

Offering recap
Status: First close
Company: SnapLogic
Industry: Other Technology
Amount offered: $37.08 million
Amount placed: $25.31 million
SEC filing: Source
First sale: 10-02-2015
Data as of: 10-19-2015

 

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