Investors buy $6.62 million worth of Skuid’s equity


www.XDATA.co
XDATA – February 19th 2016
Skuid disclosed placing 69% of its $9.62 million non-brokered equity issuance. Based on the filing, four investors started to subscribe to the $6.62 million first close almost two weeks ago. $3 million in additional funding can be raised before February 2017 based on the placement’s structure. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.
Skuid markets and develops a software that enables the development of bespoke user experience fast and without code. Developers can connect, assemble, deploy, and adjust inside one seamless, code-free platform. Investors include Salesforce Ventures.
Skuid, registered in 2016, is headquartered in Chattanooga TN. It is led by Ken McElrath (President). Revenues were not disclosed.
The board of directors includes Brian Hoekstra and Hasan Askari.
Offering recap
Status: First close
Company: Skuid
Industry: Other Technology
Amount offered: $9.62 million
Amount placed: $6.62 million
SEC filing: Source
First sale: 02-08-2016
Data as of: 02-19-2016

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