Tagged: bitcoin

POSaBIT disclosed its equity placement was 90% completed


Change: offered +0% / raised +38% / placed 90%
XDATA – June 13th 2017
According to the information disclosed by POSaBIT, subscription to its $1.5 million equity issuance increased by 38%. An additional $375,000 worth of securities was placed by the company with two investors since the company last released data almost six months ago. This brings to $1.35 million the amount raised from the fourteen backers who subscribed to the offering. The subscription is structured to close once the 10% left is fully subscribed or in six months at the latest. This is the first offering initiated by the company under regulation D of the Securities Act of 1933.
POSaBIT markets and develops a point-of-sale software solution that makes it simple for consumers to acquire cryptocurrency (bitcoin) at the point of sale and then use this currency to make purchases at the store or any place that accepts bitcoin.
The company, headquartered in Seattle WA, was registered in 2015. POSaBIT elected to keep its revenues undisclosed.
The executive team includes G Scott Greenburg, Jon Baugher and Ryan Hamlin.
The board of directors includes Jeff Dossett and Mike Markette.
Offering recap
Status: Intermediary close
Company: POSaBIT
Industry: Other Technology
Amount offered: $1.5 million
Amount placed: $1.35 million
SEC filing: Source
First sale: 12-21-2016
Data as of: 06-13-2017
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2015-11 Late filer Bitcash sold $15,000 worth of securities

BTCjam reports $1.91 million investment round


XDATA – November 30th 2015
BTCjam raised $1.91 million as part of a fully subscribed non-brokered equity offering. The subscription, which started one month ago, lured six investors. Until this disclosure BTCjam had raised an estimated $1.22 million in unregistered securities via one previous financing round.
BTCjam markets and develops a peer-to-peer Bitcoin lending platform using a proprietary credit score. The company’s disruptive credit model is changing the way borrowers and investors connect, providing a new path to financial freedom for users from more than 200 countries around the world. It promotes lending without borders, where people can borrow and lend bitcoins, without having to worry about banks and other intermediaries. Investors include Foundation Capital, Ribbit Capital, 500 Startups, FundersClub, Bitcoin Investment Trust and Pantera Capital.
The company was registered in 2013 and has its headquarters located in San Francisco CA. BTCjam elected to keep its revenues undisclosed.
The executive team includes Celso Cardoso Pitta.
The board of directors includes Gustavo Reis Guida.

The company has raised an estimated total of $3.13 million via private unregistered security offerings.

BTCjam is registered under the name Ovo Cosmico.

Offering recap
Status: Completed
Company: BTCjam
Industry: Other Technology
Amount offered: $1.91 million
Amount placed: $1.91 million
SEC filing: Source
First sale: 10-29-2015
Data as of: 11-30-2015

Hardware developer for bitcoin CaseWallet closed on $650K


case walletHey if you didn’t know about it, maybe it is time to add XDATA as part of your market monitoring regimen, 14 days free trials are available here. You can find the story and many more on qbeats as well.

For more information visit www.XDATA.co

BlockStream’s offering lures fifteen backers and raises $15.18 million


XDATA – October 1st 2014

blockstreamSo far fifteen investors participated to BlockStream‘s $16.2 million non-brokered financing round. Financial backers bought, almost two weeks ago, 94% of the offering or $15.18 million worth of equity. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.

The company is focusing on digitizing the entire planet’s assets for the betterment of mankind. The company is developing a mechanism to create sidechains, in other words cryptographically decentralized (non-fractional) IOU such as a bitcoin-based crypto-currency.

The company, headquartered in Montreal Canada, was registered this year. Revenues were not disclosed.
The executive team includes Adam Back, Austin Hill, Hammie Hill and Shahir Guindi.
The board of directors includes Reid Hoffman.

Offering recap
Status: First close
Company: BlockStream
Industry: Other Technology
Amount offered: $16.2 million
Amount placed: $15.18 million
First sale: 09-19-2014
Data as of: 10-01-2014


For more information visit www.XDATA.co

Bold Financial Technologies closed its equity security offering after increasing its fundraising cap


Change: offered +13% / raised +126% / placed 100%

XDATA – September 5th 2014

bold financial Bold Financial Technologies closed its unregistered equity offering after increasing the placement’s size by 13% to $2.17 million. The offer closed after the company raised $1.21 million from two additional investors within a little over six months. At closing, a total of ten investors had subscribed to Bold Financial Technologies‘ offering. This was the first offering under regulation D filed by Bold Financial Technologies.
The company rebranded. It raised money under the Yoyocard name in January.

Bold Financial Technologies develops a secure and convenient solution for instant, frictionless transacting in digital currency.

Sean Safahi (President) leads the San Francisco CA based company which was registered in 2012. Bold Financial Technologies elected to keep its revenues undisclosed.
The board of directors includes Alan Safahi, Christopher Gottschalk and Joyce Kim.

Offering recap
Status: Completed
Company: Bold Financial Technologies
Industry: Other Technology
Amount offered: $2.17 million
Amount placed: $2.17 million
First sale: 01-14-2014
Data as of: 09-05-2014


For more information visit www.XDATA.co

Chain’s offering lures seventeen backers


XDATA – August 21st 2014

chainSo far seventeen investors participated to Chains $9.5 million non-brokered financing round. Financial backers bought, on August 7th, 99% of the offering or $9.41 million worth of equity. Until this disclosure Chain had raised an estimated $4.5 million in unregistered securities via one previous financing round.

Chain markets and develops an enterprise bitcoin infrastructure solution. The company’s application programming interface (API) provides block chain information for application development. A block chain is a transaction database shared by all nodes participating in a system based on the bitcoin protocol. A full copy of a currency’s block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history.

Adam Ludwin (President) leads the Glendale CA based company which was registered in 2013. Chain.com elected to keep its revenues undisclosed.
The board of directors includes Devon Gundry, Eric Wiesen and Keith Rabois.

The company has raised an estimated total of $13.91 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Chain
Industry: Other Technology
Amount offered: $9.5 million
Amount placed: $9.41 million
First sale: 08-07-2014
Data as of: 08-21-2014

For more information visit www.XDATA.co

CoinTerra reports successful placement of its mezzanine securities


XDATA – August 15th 2014

cointerraA $960,000 unregistered mezzanine investment round initiated by CoinTerra was subscribed by forty-three financial backers. According to the information disclosed, the placement started on August 1st and was fully subscribed. One prior placement was closed under regulation D by the company and raised an estimated $1.3 million.

The company is a hardware and software developer that designs, produces and operates systems for the mining of bitcoin. The company also offers mining contracts for maintenance free mining, contracts prices range between $1,000 to $1.5 million for a 12 month contract.

The company was registered in 2013 and has its headquarters located in Austin TX. CoinTerra kept its revenues undisclosed.
The executive team includes Jaime Edwards, Pradeep Kumar Cheruvathoor, Ravi Iyengar, Sunny Kalara, Tamas Blummer and Timo Tobias Hanke.
The board of directors includes Jean Belanger.

The company has raised an estimated total of $2.26 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: CoinTerra
Industry: Computers
Amount offered: $960,000
Amount placed: $960,000
First sale: 08-01-2014
Data as of: 08-15-2014

For more information visit www.XDATA.co

$2.77 million financing completed by TradeBlock


tradeblockA $2.77 million unregistered equity financing by TradeBlock successfully drew to a close. The non-brokered investment round was placed among nine investors. The subscription started a week ago. Until this disclosure TradeBlock had raised an estimated $650,000 in unregistered securities via one previous financing round.

TradeBlock develops and markets a platform offering bitcoin tools and research for professionals as well as enthusiasts. Tools include market prices and order books, mining calculator and research. The company also provides to approved applicants a professional version with advanced analytics and communication network for digital currency trading.

Gregory Schvey (CEO) leads the New York NY based company which was registered in 2013. TradeBlock elected to keep its revenues undisclosed.
The executive team includes Jeffrey Schvey.

The company has raised an estimated total of $3.42 million via private unregistered security offerings.

TradeBlock is registered under the name Schvey.

Offering recap
Status: Completed
Company: TradeBlock
Industry: Other
Amount offered: $2.77 million
Amount placed: $2.77 million
First sale: 06-25-2014
Data as of: 07-02-2014

For more information visit www.XDATA.co

Bitreserve decreased its placement’s target by 20% and closed its subscription


Change: offered -20% / raised +142% / placed 100%

bitreserveWith the demise of Mt. Gox, it is interesting to see some activity in the bitcoin* trading platform arena. Also this substantial financing was not reported by traditional media, and the subsequent amendment make it even more interesting as it shows there’s still money flowing into bitcoin-based trading platforms. Bitreserve‘s private placement of unregistered equity was lowered by 20% to $4 million. The company reported in its last filing, a couple of months ago, a $5 million placement. The offer closed after the company raised $2.35 million from nine additional investors within a couple of months. At closing, a total of seventeen investors had subscribed to Bitreserve’s offering. The offering’s expected net proceeds amount to $3.68 million, excluding $325,000 earmarked for the payment of officers’ salaries. This was the first offering under regulation D filed by Bitreserve.
Since the company is a foreign entity, the amount offered reported to the SEC represents the portion of the placement allocated to US investors.

The stealth company is developing a bitcoin-based exchange platform according to information disclosed with its trademark registration. It seems the goal of the platform, is to offer a low volatility trading environment.

Timothy Parsa (CEO) leads the San Francisco CA based company which was registered in 2013 in the Cayman Islands. Bitreserve elected to keep its revenues undisclosed.

The executive team includes Juan Pablo Thieriot
The board of directors includes Halsey McClean Minor and Laura Childress.

Offering recap
Status: Completed
Company: Bitreserve
Industry: Other
Amount offered: $4 million
Amount placed: $4 million
First sale: 02-12-2014
Data as of: 05-07-2014

*The financing is outside Random Research sweet spot however it is worth reporting bitcoin related services financing with all the challenges the virtual currency has been facing lately.

Bitcoin exchange, Coinsetter, reached the $775,000 mark raised via its mezzanine financing


Change: offered +0% / raised +52% / placed 52%

coinsetterCoinsetter disclosed having increased subscription by 52% on its $1.5 million mezzanine financing. An additional $265,000 worth of securities was placed by the company with six investors since the company last released data a little over a month ago. This brings to $775,000 the amount raised from the nineteen backers who subscribed to the offering. The subscription will close either once the offering is sold in full or next December, whichever one comes first. The company is backed by Tribeca Venture Partners a seed and early stage investor focusing on digital media, e-commerce, fintech, education, adtech, mobile apps, software and services.

The company developed and markets a Bitcoin trading platform with a focus on transparency and security. The trading platform aggregates prices from multiple exchanges in its order book and offers derivatives trading.

Jaron Lukasiewicz (President and CEO) leads the New York NY based company which was registered in 2013. Coinsetter kept its revenues undisclosed.
The executive team includes Marshall Swatt.
The board of directors includes Jonathan Holske.

Offering recap
Status: Intermediary close
Company: Coinsetter
Industry: Other Technology
Amount offered: $1.5 million
Amount placed: $775,000
First sale: 12-13-2013
Data as of: 03-27-2014