Category: Mezzanine

SkyWard IO lands $2.38 million mezzanine round


“$2.38 million worth of mezzanine securities started to be placed by SkyWard IO a little over a week ago. Based on the information disclosed, a total of sixteen investors bought 89% of the…”

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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

Solar energy developer Bright closes its second financing round in less than a month


Bright placed its mezzanine financing in full
XDATA – January 26th 2016
A $3 million unregistered mezzanine financing by Bright successfully closed. The non-brokered financing round was subscribed by one investor last Wednesday. One prior placement was closed under regulation D by the company and raised an estimated $5.46 million.
The company is a clean energy organization that enables residential solar power generation in the developing world. It provides local installers with the software tools and financing they need to put solar on millions of homes at no upfront cost. The company is backed by First Round, Y Combinator and Max Levchin.
The company was registered in 2014 and has its headquarters located in San Francisco CA. Bright kept its revenues undisclosed.
The executive team includes Jonah Greenberger.

The company has raised an estimated total of $8.46 million via private unregistered security offerings.

Bright is registered under the name Bright Exchange.

Offering recap
Status: Completed
Company: Bright
Industry: Energy Conservation
Amount offered: $3 million
Amount placed: $3 million
SEC filing: Source
First sale: 01-20-2016
Data as of: 01-26-2016

First close initiated by Cruise Automation after raising 67% of its $3 million target


XDATA – December 3rd 2015
One investor bought $2 million worth of mezzanine securities from Cruise Automation on November 18th. According to the data disclosed, the company expects to raise a total of $3 million via this non-brokered financing. $1 million in additional funding can be raised before November 2016 based on the placement’s structure. One prior placement was closed under regulation D by the company and raised an estimated $16.89 million.
Cruise Automation commercializes RP-1 an autopilot for cars. It controls steering, throttle, and braking, making sure the car remains safely in its lane and a safe distance from the car in front. Investors include Spark Capital and Y Combinator.
Kyle Vogt (President) leads the San Francisco CA based company which was registered in 2013. Cruise Automation kept its revenues undisclosed.
The board of directors includes Nabeel Hyatt.

The company has raised an estimated total of $18.89 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Cruise Automation
Industry: Other Technology
Amount offered: $3 million
Amount placed: $2 million
SEC filing: Source
First sale: 11-18-2015
Data as of: 12-01-2015

Smart glass manufacturer Kinestral Technologies reports first close at $29.57 million on its mezzanine offering


For more information and other transactions visit www.XDATA.co
XDATA – October 30th 2015
Late filer Kinestral Technologies placed 89% of its non-brokered mezzanine financing with eight backers. The company launched the offering to raise $33.07 million, so far investors started to subscribe to $29.57 million last February. Based on the offering’s structure, the company has until February 2016 to raise an extra $3.5 million. The company closed three previous unregistered private placements which raised an estimated $27.09 million.
The company is a developer of energy efficient glass for commercial, residential, and automotive application. Investors include Ares Capital Corp.
The company is headquartered in South San Francisco CA. Kinestral Technologies kept its revenues undisclosed.
The executive team includes Geoffrey Richardson.
The board of directors includes Bruce Sohn, Dipender Saluja, Sam Bergh, Sam Colella, Scott Rocklage and Suk-Bae Cha.

The company has raised an estimated total of $56.66 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Kinestral Technologies
Industry: Other
Amount offered: $33.07 million
Amount placed: $29.57 million
SEC filing: Source
First sale: 02-05-2015
Data as of: 10-30-2015

NxThera unveils $8 million unregistered mezzanine placement

New investors commit to Locuslabs’ financing, cap was revised upward


Change: offered +53% / raised +91% / placed 85%
LocusLabs Locuslabs upped its mezzanine financing by 53% to $1.3 million following additional commitments. An additional $525,000 worth of securities was placed by the company with seven investors since the company last released data last August. This brings to $1.1 million the amount raised from the fifteen backers who subscribed to the offering. The subscription is structured to close once the 15% left is fully subscribed or in six months at the latest. This is the first offering by Locuslabsdone under a registration exemption.
Locuslabs markets and develops an platform that leverages indoor location technologies such as iBeacon and Wi-Fi to provide maps, navigation, rich search, and location. The company is launching its first product designed for airports.
Campbell Kennedy (President) leads the San Francisco CA based company which was registered in 2013. Revenues were not reported.
The executive team includes Jason McMinn and Samuel Ziegler.
Offering recap
Status: Intermediary close
Company: Locuslabs
Industry: Telecommunications
Amount offered: $1.3 million
Amount placed: $1.1 million
SEC filing: Source
First sale: 07-25-2014
Data as of: 01-02-2015


For more information visit www.XDATA.co

Unikrn raised $350,000 at first close a few days ago


unikrn Unikrn reported launching a $2.5 million mezzanine private placement. According to the filing, 14% or $350,000 was sold to two backers a few days ago. An additional $2.15 million in funding is to be raised until the offering draws to a close in November 2015. Unregistered securities don’t appear to have been previously sold by the company.

The company is a game developer founded by Rahul Sood who is behind Voodoo and the creation of Microsoft Ventures.

The company, headquartered in Sammamish WA, was registered this year. Revenues remained undisclosed.
The executive team includes Karl Flores and Rahul Sood.

Offering recap
Status: First close
Company: Unikrn
Industry: Other Technology
Amount offered: $2.5 million
Amount placed: $350,000
First sale: 11-14-2014
Data as of: 11-18-2014

For more information visit www.XDATA.co

RDXgeo launched $40 million mezzanine financing


RDXgeo RDXgeo is in the market with a $40 million non-brokered mezzanine placement. The placement, which hasn’t started to sell, is structured to close in October 2015 or once the placement is fully subscribed. This is the first time the company is filling a security offering under a registration exemption with the SEC.

The company is engaged in mineral exploration with a focus on copper and gold porphyry projects. It has positioned itself as a resource and joint venture partner in numerous projects with major mining companies, domestically in Arizona, Utah, Nevada and internationally, in Russia, Chile, and Colombia.

The company was registered in 2013 and has its headquarters located in Overland Park KS. RDXgeo kept its revenues undisclosed.
The executive team includes Thomas E Bowens and Timothy E Isaacs.

Offering recap
Status: Launched
Company: RDXgeo
Industry: Other
Amount offered: $40 million
Data as of: 10-20-2014

For more information visit www.XDATA.co

Telcare reports first close at $34.71 million on its mezzanine offering


telcare Telcare placed 95% of its non-brokered mezzanine financing with seven backers. The company launched the offering to raise $36.71 million, so far investors started to subscribe to $34.71 million on October 3rd. The company closed four previous unregistered private placements which raised an estimated $50.04 million.

Telcare develops and markets an FDA-cleared wireless glucose monitoring system. The company uses cellular technology and social networking to bridge the last mile between patients with diabetes, their caregivers, and their families in order to transform the care of chronic illness. Investors include Sequoia Capital, Norwest Venture Partners, and Qualcomm Life Fund.

The company is headquartered in Bethesda MD. Telcare kept its revenues undisclosed.
The executive team includes Andrew Flanagan, John R Dwyer and Jonathan C Javitt.
The board of directors includes Casper De Clercq, Kenneth Melani, Patrick Flynn and Scott Carter.

The company has raised an estimated total of $84.75 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Telcare
Industry: Other Health Care
Amount offered: $36.71 million
Amount placed: $34.71 million
First sale: 10-03-2014
Data as of: 10-20-2014

For more information visit www.XDATA.co