Clustrix re-opened and upped its offering cap to receive $23.4 million in commitments

Change: offered +29% / raised +15% / placed 89%
XDATA – February 12th 2016
Clustrix re-opened and upped its mezzanine financing to $26.4 million from $20.4 million after selling additional securities. Prior investors ponied up an additional $3 million. They had previously subscribed to $20.4 million worth of securities according to another filing disclosed a couple of months ago. So far, three backers committed $23.4 million to Clustrix‘s offering. The offering is most likely closed, based on the structure it was scheduled to close on April 25th 2015. The company closed eight unregistered private placements which raised an estimated $57.99 million.
Clustrix markets and develops NewSQL database solution for e-commerce merchants looking for high performance with multiple and massive transaction or request volumes. The company’s database increases site throughput and availability, providing fault-tolerant performance during peak periods for an always-on shopping experience. Investors include HighBar Partners, Sequoia Capital, U.S. Venture Partners, ATA Ventures, and Y Combinator.
The company is headquartered in San Francisco CA. Clustrix kept its revenues undisclosed.
The executive team includes Lindsey Anderson, Michael Azevedo, Robbie Mihalyi and Tom Muise.
The board of directors includes Brian J Peters, Charles Carmel, John Kim and Shawn Douglass.

The company has raised an estimated total of $81.39 million via private unregistered security offerings.

Offering recap
Status: Intermediary close
Company: Clustrix
Industry: Other Technology
Amount offered: $26.4 million
Amount placed: $23.4 million
SEC filing: Source
First sale: 04-25-2014
Data as of: 02-12-2016

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