Mark Cuban backed ZergNet raises $6 million in equity


XDATA – October 22nd 2015
ZergNet placed $6 million worth of securities as part of a non-brokered equity financing round. The placement, which started a couple of months ago, lured a total of thirteen subscribers. This is not the first time the company files unregistered securities with the SEC according to a concurrent filing.
ZergNet markets and develops a content recommendation platform curating articles worth reading. Investors include Lerer Hippeau Ventures and Mark Cuban.
The company is headquartered in New York NY. ZergNet elected to keep its revenues undisclosed.
The executive team includes Michael Langin and Reginald Renner.
The board of directors includes Ian Sigalow, Mark Cuban and Urs Cete.

In a concurrent filing, ZergNet disclosed having raised $3.27 million in a fully subscribed offering.
The company has raised an estimated total of $9.27 million via private unregistered security offerings.

ZergNet is registered under the name 7hops.com.

Offering recap
Status: Completed
Company: ZergNet
Industry: Other Technology
Amount offered: $6 million
Amount placed: $6 million
SEC filing: Source
First sale: 08-04-2015
Data as of: 10-22-2015

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