|For more information and other transactions visit http://www.XDATA.co|
|XDATA – November 12th 2015|
|$30 million was raised by zSpace according to information filed with the SEC. The company initiated a first close after selling 55% of its planned $55 million unregistered private offering. The brokered equity securities started to be sold to six investors almost two weeks ago. $25 million in additional funding can be raised before October 2016 based on the placement’s structure. The private placement’s expected net proceeds will amount to $54.2 million excluding $800,000 paid in brokerage fees by the company. The company closed four previous unregistered private placements which raised an estimated $106.05 million.|
|zSpace markets and develops 3D holographic imaging displays. The company’s flagship product zSpace is designed to accelerate understanding through immersive 3D exploration with a focus on STEM education, medical instruction, corporate training and research. Investors include In-Q-Tel.|
|The company is headquartered in Sunnyvale CA. zSpace elected to keep its revenues undisclosed.
The executive team includes Joseph B Powers and Paul J Kellenberger.
The board of directors includes David Orton, Ned Hooper and Yatin Mundkur.
The company has raised an estimated total of $136.06 million via private unregistered security offerings.
Status: First close
Industry: Other Technology
Amount offered: $55 million
Amount placed: $30 million
SEC filing: Source
First sale: 10-30-2015
Data as of: 11-12-2015