Tagged: app

Visible.vc raised 33% of its equity financing


visiblevcAccording to information disclosed by Visible.vc, $250,000 was subscribed by one investor on October 9th 2014. Visible.vc capped the non-brokered equity financing at $750,000. The offering will remain open until October 2015 while an additional $500,000 worth of securities is sold to investors. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.

Visible.vc markets an investor relation management platform for entrepreneurs and professional investors in the venture capital and private equity space. The platform enables users to track and report on the performance of their individual and aggregate investments and provides portfolio companies tools to simplify investor communication, capitalization table management, and ongoing performance tracking.

Visible.vc, registered in 2014, is headquartered in Indianapolis IN. It is led by Michael Preuss (President). Revenues were not disclosed.
The executive team includes Brad Wisler, Kristian Andersen, Michael Fitzgerald and Michael Preus.
The board of directors includes John Stokes.

Offering recap
Status: First close
Company: Visible.vc
Industry: Other
Amount offered: $750,000
Amount placed: $250,000
First sale: 10-09-2014
Data as of: 10-09-2014


For more information visit www.XDATA.co

Practice Fusion disclosed issuing $2.5 million worth of equity


practice fusion Practice Fusion reported closing its $2.5 million private placement on October 6th. All the unregistered equity securities issued were acquired by one investor. A total of five unregistered securities offerings closed by the company raised an estimated $181.32 million.

Practice Fusion develops and markets a free web-based electronic health record platform which connects doctors, patients and data. According to the company the application is used by a community of more than 112,000 monthly active medical professionals with over 81 million patient records. he company also released a patient-facing application where patients can find and book appointments with doctors and access their medical records. The company is backed by salesforce.com, Founders Fund, Artis Capital Management, Glynn Capital Management, Morgenthaler Ventures, and Felicis Ventures.

The company, headquartered in San Francisco CA, is led by Ryan Howard (President and CEO). Practice Fusion elected to keep its revenues undisclosed.
The executive team includes Robert Park.
The board of directors includes Beth Seidenberg, Cora Tellez and Michael Harden.

The company has raised an estimated total of $183.82 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Practice Fusion
Industry: Other Health Care
Amount offered: $2.5 million
Amount placed: $2.5 million
First sale: 10-06-2014
Data as of: 10-20-2014


For more information visit www.XDATA.co

Neverware closed its equity security offering after increasing its fundraising cap


Change: offered +34% / raised +58% / placed 100%

neverwareNeverware closed its unregistered equity offering after increasing the placement’s size by 34% to $6.58 million. The offer closed after the company raised $2.42 million from three additional investors within almost a year. At closing, a total of twenty investors had subscribed to Neverware‘s offering. This was the first offering under regulation D filed by Neverware.

The company is focused on designing, building, deploying and supporting an innovative service and technology that enables schools to run cutting edge software on aging hardware by turning old computers into a powerful workstation.
The company, headquartered in New York NY, is led by Jonathan Hefter (CEO). Neverware elected to keep its revenues undisclosed.
The executive team includes Andrew Bauer.
The board of directors includes Michael Walden.

Offering recap
Status: Completed
Company: Neverware
Industry: Computers
Amount offered: $6.58 million
Amount placed: $6.58 million
First sale: 12-13-2013
Data as of: 10-14-2014


For more information visit www.XDATA.co

Infusionsoft reports the successful completion of its equity issuance


XDATA – October 6th 2014

infusion software Infusionsoft placed $55 million worth of securities as part of a non-brokered equity financing round. The placement, which started last Tuesday, lured a total of eleven subscribers. The equity offering’s estimated net proceeds amount to $45.6 million excluding $9.4 million earmarked for the payment of officers’ salaries. The company closed four previous unregistered private placements which raised an estimated $73.92 million.

Infusionsoft develops and markets a sales and marketing software for small businesses, designed to help them get organized, grow sales and save time. Financial backers include Bain Capital Ventures, Signal Peak Ventures and Goldman Sachs.

The company, headquartered in Gilbert AZ, is led by Clate Mask (CEO). Infusionsoft elected to keep its revenues undisclosed.
The executive team includes Aaron Stead, Elizabeth Pitt, Greg Head, Hal Halladay, J Scott Martineau, Marc Chesley and Samuel Blackham.
The board of directors includes Eric Keller, Geoffrey Moore, Joseph Disabato, Nancy Schoendorf and Scott Petty.

The company has raised an estimated total of $128.92 million via private unregistered security offerings.

Infusionsoft is registered under the name Infusion Software

Offering recap
Status: Completed
Company: Infusionsoft
Industry: Other
Amount offered: $55 million
Amount placed: $55 million
First sale: 09-30-2014
Data as of: 10-02-2014


For more information visit www.XDATA.co

Delta Data Software reports $12.68 million growth equity investment led by Accel-KKR


XDATA – September 23rd 2014

delta data Delta Data Software raised $12.68 million as part of a fully subscribed non-brokered equity offering. The subscription, which started a little over a week ago, lured five investors. No offering was previously initiated by the company under a registration exemption with the SEC.
The company did not disclosed the size of the growth equity investment from Accel-KKR when it issued its press release on September 18th.

Delta Data Software markets and develops software to the financial industry for mutual fund trading, data management, revenue/expense management, compliance, and analysis. Among the company’s flagship products are FUNDLinx a fund trading and clearing platform with over $1.3 trillion in assets serviced across the client platforms, DART a mutual fund distribution oversight and transaction monitoring application, APERIOsuite a data management application that supports a distributor’s reference, price and dividend data flow and operations, and Fee Manager a mutual fund distribution fee reconciliation for financial product manufacturers. The company is backed by Accel-KKR.

The company is headquartered in Columbus GA. Delta Data Software elected to keep its revenues undisclosed.
The executive team includes Tyson Begley.
The board of directors includes Burton Keller, David Cusimano, Greg Williams, Lewis Burton Keller and Whitfield Athey.

Offering recap
Status: Completed
Company: Delta Data Software
Industry: Other Technology
Amount offered: $12.68 million
Amount placed: $12.68 million
First sale: 09-15-2014
Data as of: 09-22-2014


For more information visit www.XDATA.co

$35 million growth financing completed by IQMS


XDATA – September 22nd 2014

IQMSA $35 million unregistered equity financing by IQMS successfully drew to a close. The non-brokered investment round was placed among ten investors. The subscription started one month ago. The equity offering’s estimated net proceeds amount to $20.2 million excluding $14.8 million earmarked for the payment of officers’ salaries. No offering was previously initiated by the company under a registration exemption with the SEC.
When the company reported the growth investment from Technology Crossover Ventures in its press release on August 19th, the transaction size was not disclosed.

IQMS develops and markets manufacturing enterprise resource planning (ERP) software for the repetitive, process and discrete industries such as the automotive, medical, packaging, consumer goods and other manufacturing markets. The company’s single-database enterprise software solution, EnterpriseIQ, offers a scalable system designed to adeptly grow with the client and complete business functionality, including accounting, quality control, supply chain, shop floor, customer relationship management (CRM) and eBusiness. The company is backed by Technology Crossover Ventures.

The company, headquartered in Paso Robles CA, is led by Randall Flamm (CEO). Revenues on or below $100 million were reported by IQMS.

Offering recap
Status: Completed
Company: IQMS
Industry: Other Technology
Amount offered: $35 million
Amount placed: $35 million
First sale: 08-06-2014
Data as of: 09-22-2014

For more information visit www.XDATA.co

$30 million equity placement completed by HealthEdge Software


XDATA – September 22nd 2014

healthedge HealthEdge Software disclosed raising $30 million as part of a brokered equity private placement. One investor acquired the securities on September 8th. The private placement’s expected net proceeds amounts to $28.2 million which excludes $1.8 million paid in brokerage fees. A total of fourteen unregistered securities offerings closed by the company raised an estimated $39.54 million.

The company is a provider of a cloud-based or on-site integrated financial, administrative and clinical platform for healthcare payors. It allows payors to leverage new business models including accountable care organizations (ACOs), health insurance exchanges (HIX), value-based benefits (VBBs) and pay-for-performance (P4P). It improves outcomes and the quality of care through transparent coordination among utilization management, case management, disease management and health and wellness functionality while drastically reducing administrative costs and manual processes.

The company is headquartered in Burlington MA. HealthEdge Software elected to keep its revenues undisclosed.
The executive team includes Matthew Hughes and Robert Gillette.
The board of directors includes Albert Waxman, Joseph Riley and Steve Krupa.

The company has raised an estimated total of $69.54 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: HealthEdge Software
Industry: Other Technology
Amount offered: $30 million
Amount placed: $30 million
First sale: 09-08-2014
Data as of: 09-19-2014

For more information visit www.XDATA.co

Sarbari disclosed full placement of its $2.12 million offering


Change: offered +0% / raised +554% / placed 100%

XDATA – August 15th 2014

sarbariSarbari initiated the final close of its $2.12 million equity offering. The offer closed after the company raised $1.8 million from one additional investor within a couple of months. At closing, a total of three investors had subscribed to Sarbari‘s offering. This was the first offering under regulation D filed by Sarbari.

Sarbari markets and develops a food supply chain management application for restaurants and culinary professionals. The application (app) automates the task of shopping and tracking food purchases to cut down on administrative tasks and control costs. The app automatically matches invoiced quantities and prices, flags discrepancies and seamlessly loads approved invoices into accounting apps.

The company, headquartered in Allentown PA, is led by Sebastian Serra (President and CEO). Sarbari elected to keep its revenues undisclosed.
The board of directors includes Andrew Derr and Maura Topper.

Offering recap
Status: Completed
Company: Sarbari
Industry: Other Technology
Amount offered: $2.12 million
Amount placed: $2.12 million
First sale: 05-09-2014
Data as of: 08-15-2014

For more information visit www.XDATA.co

Instacart launched a $44.54 million offering and placed 95%


instacartAccording to a document filed by Instacart with the SEC, the company launched a $44.54 million non-brokered equity offering. So far Instacart sold 95% or $42.44 million worth of new unregistered securities to ten backers. The subscription started on June 10th. Two previous unregistered financing rounds raised an estimated $8.93 million.

Instacart markets an application for users to order same day grocery delivery. The company is backed by Sequoia Capital and Khosla Ventures.

Apoorva Mehta (CEO) leads the San Francisco CA based company which was registered in 2012. Instacart elected to keep its revenues undisclosed.
The board of directors includes Jeff Jordan and Michael Moritz.

The company has raised an estimated total of $51.37 million via private unregistered security offerings.

Instacart is registered under the name Maplebear.

Offering recap
Status: First close
Company: Instacart
Industry: Computers
Amount offered: $44.54 million
Amount placed: $42.44 million
First sale: 06-10-2014
Data as of: 06-24-2014

For more information visit www.XDATA.co

Unbound Concepts launched $550,000 mezzanine financing


unbound conceptsUnbound Concepts is in the market with a $550,000 non-brokered mezzanine placement. The placement, which hasn’t started to sell, is structured to close in June 2015 or once the placement is fully subscribed. One prior placement was closed under regulation D by the company and raised an estimated $1 million.

The company is the developer behind BookLeveler. The application provides reading level ratings for books once users scan the ISBN. It allows users to search for books based on level, grade or curriculum. The company gets data through crowd sourcing and also mines ebooks to extract details such as reading levels, topics, features and concepts. The data can then be leveraged by book sellers for recommendations and by teachers to match books to their students skills and interests.

The company, headquartered in Baltimore MD, is led by Katie Palencsar (CEO). Unbound Concepts kept its revenues undisclosed.
The executive team includes Heather Gilchrist, Julie Lenzer Kirk and Tom Murdock.

Offering recap
Status: Launched
Company: Unbound Concepts
Industry: Other Technology
Amount offered: $550,000
Data as of: 06-19-2014