Everspring closes $27.5 million equity issuance
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| XDATA – January 29th 2016 | ||||
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| Everspring placed $27.5 million worth of securities as part of a non-brokered equity financing round. The placement, which started a little over a week ago, lured a total of fourteen subscribers. Two previous unregistered financing rounds raised an estimated $32 million. | ||||
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| The company is a provider of full-service, customized online educational solutions to universities. Services include strategic planning, marketing, enrollment, student services and retention, faculty engagement, analytics, and technology integration. Financial backers include Carrick Capital Partners and Accretive LLC. | ||||
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| The company, headquartered in Chicago IL, is led by Jeffrey Conlon (CEO). Everspring elected to keep its revenues undisclosed. The executive team includes Christopher Paetsch, Elizabeth Hollenberg, Karen Baldeschwieler, Michael Wright, Neil Marchant and Robert Carroll. The board of directors includes Alexander Mason, Andrew Rutter, Edgar Bronfman, J Michael Cline, James C Madden, Miriam Strouse and William D Hansen. The company has raised an estimated total of $59.5 million via private unregistered security offerings. |
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| Offering recap Status: Completed Company: Everspring Industry: Other Amount offered: $27.5 million Amount placed: $27.5 million SEC filing: Source First sale: 01-19-2016 Data as of: 01-29-2016 |
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