Subscription launched one month ago for Simon Data’s $7 million financing round


www.XDATA.co
XDATA – February 10th 2016
After launching a $7 million investment round, Simon Data started to receive one month ago commitments amounting to $5.14 million from three investors. So far the company raised 73% of its non-brokered security offering according to the data disclosed. Based on the offering’s structure, the company has until December 2016 to raise an extra $1.86 million. A previous private placement closed by the company raised an estimated $2 million under regulation D.
Simon Data markets and develops a marketing intelligence application that transforms data into clear insights enabling marketing professionals to create customized segments, deploy to existing channels, and discover what their customers want.
The company, headquartered in Brooklyn NY, is led by Jason Davis (CEO). Simon Data kept its revenues undisclosed.

The company has raised an estimated total of $7.14 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Simon Data
Industry: Other Technology
Amount offered: $7 million
Amount placed: $5.14 million
SEC filing: Source
First sale: 12-30-2015
Data as of: 02-10-2016

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