Used car marketplace Instamotor completed a multi million equity offering


XDATA – October 19th 2015
Instamotor issued equity for a total of $5.47 million in a non-brokered investment round. The transaction which started a little over a week ago, garnered the support of fifteen investors. No offering was previously initiated by the company under a registration exemption with the SEC.
Instamotor develops a used car marketplace. The application runs free recall and fraud checks, and provides a Carfax Report for every vehicle listed on the platfrom.
Sy Bohy (President) leads the San Francisco CA based company which was registered in 2014. Instamotor elected to keep its revenues undisclosed.
Offering recap
Status: Completed
Company: Instamotor
Industry: Other Technology
Amount offered: $5.47 million
Amount placed: $5.47 million
SEC filing: Source
First sale: 10-09-2015
Data as of: 10-19-2015

 

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