Geli’s offering lures seventeen backers

XDATA – December 31st 2015
So far seventeen investors participated to Geli‘s $9.01 million non-brokered financing round. Financial backers bought, a little over a week ago, 32% of the offering or $2.92 million worth of equity. The offering will remain open until December 2016 while an additional $6.09 million worth of securities is sold to investors. Two previous unregistered financing rounds raised an estimated $1.96 million.
Geli markets and develops a software platform to integrate, network, and economically operate energy storage systems. Investors include Invested Development via its BSP Fund.
The company, headquartered in San Francisco CA, is led by Ryan Wartena (CEO). Geli elected to keep its revenues undisclosed.
The executive team includes Crispell Wagner.
The board of directors includes James Lyons and Miguel Granier.

The company has raised an estimated total of $4.88 million via private unregistered security offerings.

Geli is registered under the name Growing Energy Labs.

Offering recap
Status: First close
Company: Geli
Industry: Other
Amount offered: $9.01 million
Amount placed: $2.92 million
SEC filing: Source
First sale: 12-22-2015
Data as of: 12-31-2015

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