LIMS developer Blackfynn files for first close after raising 68%


www.XDATA.co
XDATA – February 11th 2016
Blackfynn‘s first close reached $2.37 million. The company’s $3.5 million non-brokered equity issue was 68% sold to thirteen investors. The first commitments were received almost two weeks ago. $1.13 million in additional funding can be raised before January 2017 based on the placement’s structure. This is the first time Blackfynn is selling securities under a registration exemption.
Blackfynn develops scientific data management solutions that enables scientists to upload, search, view, analyze and share their data.
The company was registered in 2015 and has its headquarters located in Philadelphia PA. Blackfynn elected to keep its revenues undisclosed.
The executive team includes Balkrishan Gill and Michael Rabson.
Offering recap
Status: First close
Company: Blackfynn
Industry: Other Technology
Amount offered: $3.5 million
Amount placed: $2.37 million
SEC filing: Source
First sale: 01-29-2016
Data as of: 02-11-2016

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