Tagged: collaboration

Moog issues $31.6 million worth of equity


“Late filer Moogsoft placed $31.63 million worth of securities as part of a non-brokered equity financing round. The placement, which started a few months ago, lured a…”

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Splice garnered new subscriptions and upped its offering to $5.25 million


For more information visit www.XDATA.co
Change: offered +17% / raised +16% / placed 90%
XDATA – January 7th 2016
Splice‘s $4.5 million equity financing round increased by 17% to cap at $5.25 million. An additional $650,000 worth of securities was placed by the company with three investors since the company last released data in September 2014. This brings to $4.75 million the amount raised from the fourteen backers who subscribed to the offering. The offering is structured as indefinite and will remain open until fully subscribed. Up to now Splice had raised an estimated $2.75 million in unregistered securities via one financing round.
Splice markets and develops a cloud-based platform for music creation, collaboration and sharing. Investors include True Ventures, Scooter Braun, Tiësto, Steve Angello, AM Only, WME, Eight Equity, Union Square Ventures, Lerer Ventures, First Round Capital, SV Angel, and Box Group.
The company, headquartered in New York NY, is led by Matthieu Aimonetti (President). Splice elected to keep its revenues undisclosed.
The board of directors includes Adam D’Augelli, Andrew Weissman, Jared Hecht and Steve Martocci.The company has raised an estimated total of $7.5 million via private unregistered security offerings.Splice is registered under the name Distributed Creation.
Offering recap
Status: Intermediary close
Company: Splice
Industry: Other Technology
Amount offered: $5.25 million
Amount placed: $4.75 million
SEC filing: Source
First sale: 08-20-2014
Data as of: 01-06-2016

Procore Technologies reports $50 million investment round


XDATA – December 30th 2015
Procore Technologies raised $50 million as part of a fully subscribed non-brokered equity offering. The subscription, which started almost two weeks ago, lured five investors. Two previous unregistered financing rounds raised an estimated $46.2 million.
Procore Technologies markets and develops a cloud-based construction management software application that enables construction professionals to collaborate on projects from any Internet-connected device, with access to all project documents, contracts, RFIs, submittals, schedules, and drawings via the cloud. The company is backed by Bessemer Venture Partners and ICONIQ Capital.
The company was registered in 2014 and has its headquarters located in Carpinteria CA. Procore Technologies elected to keep its revenues undisclosed.
The executive team includes Craig F Courtemanche, Robert B Reed and Steven C Zahm.
The board of directors includes Brian Feinstein and Kevin J O’Connor.

The company has raised an estimated total of $96.2 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Procore Technologies
Industry: Other Technology
Amount offered: $50 million
Amount placed: $50 million
SEC filing: Source
First sale: 12-17-2015
Data as of: 12-29-2015

Collaboration software developer Numeracy reports $1.5 million raised at first close


XDATA – October 13th 2015
Numeracy received two commitments for its $2 million financing round. Investors committed to buy 75% or $1.5 million worth of equity on September 29th. Based on the offering’s structure, the company has until September 2016 to raise an extra $500,000. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.
Numeracy develops a collaboration application that takes the hassle out of using spreadsheets with features like inline conversations, insightful version history, and completely new ways to share work.
Numeracy, registered in 2015, is headquartered in San Francisco CA. It is led by Brian Smith (CEO). Revenues were not disclosed.
Offering recap
Status: First close
Company: Numeracy
Industry: Other Technology
Amount offered: $2 million
Amount placed: $1.5 million
SEC filing: Source
First sale: 09-29-2015
Data as of: 10-13-2015

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VenueBook unveils details on its $6.62 million unregistered offering


XDATA – October 13th 2015
After twenty-three financial backers subscribed to 72% of its equity financing round, VenueBook disclosed initiating a first close after raising $4.8 million. The subscription to the $6.62 million non-brokered private placement started on September 25th according to information filed with the SEC. Based on the offering’s structure, the company has until September 2016 to raise an extra $1.82 million. The company closed three previous unregistered private placements which raised an estimated $3.37 million.
VenueBook markets and develops a cloud-based, collaborative platform which streamlines the booking and event execution process for planners, venue managers and their staff. Financial backers include Joanne Wilson, I2BF Global Ventures, Cayuga Ventures, MI Ventures, Kindler Capital and Victoria Grace.
The company, headquartered in New York NY, is led by Kelsey Recht (CEO). VenueBook elected to keep its revenues undisclosed.
The executive team includes John Martin and Jonathan Katz.
The board of directors includes Daniel Lizio-Katzen, Joanne Wilson and Victoria Grace.

The company has raised an estimated total of $8.17 million via private unregistered security offerings.

VenueBook is registered under the name InstEvent.

Offering recap
Status: First close
Company: VenueBook
Industry: Other
Amount offered: $6.62 million
Amount placed: $4.8 million
SEC filing: Source
First sale: 09-25-2015
Data as of: 10-13-2015

Hey 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.

For more information visit www.XDATA.co

Video chat app Rabbit files for first close after raising 93%

Redbooth disclosed reaching its $11 million fundraising target


redboothAccording to information filed with the SEC, two investors participated a week ago to Redbooth‘s equity fundraising. The non-brokered private placement was fully subscribed and raised $11 million. Until this disclosure Redbooth had raised an estimated $6.86 million in unregistered securities via one previous financing round.

Redbooth a collaboration and communication platform that provides a single place for teams and companies to collaborate and get work done. Accessible on desktop as well as iOS and Android mobile devices, the platform links both live and historical conversations directly to project tasks.

Dan Schoenbaum (CEO) leads the Redwood City CA based company which was registered in 2013. Redbooth elected to keep its revenues undisclosed.
The executive team includes Joe Brichler, Juan Jose Mata and Mark Cameron White.
The board of directors includes Justin Label, Rich Levandov and Vadim Tarasov.

The company has raised an estimated total of $17.86 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Redbooth
Industry: Other Technology
Amount offered: $11 million
Amount placed: $11 million
First sale: 11-10-2014
Data as of: 11-17-2014

For more information visit www.XDATA.co

$500,000 raised by Groupology as part of its mezzanine investment round


lifestreams technologiesGroupology (AKA Lifestreams Technologies Corp.) disclosed selling 25% of its non-brokered mezzanine financing. The company launched a $2 million investment round subscribed so far by seven investors. The subscription which raised $500,000 started two days ago. The offering will remain open until March 2015 while an additional $1.5 million worth of securities is sold to investors. The mezzanine offering’s estimated net proceeds will amount to $1.44 million which excludes $560,000 to be paid toward officers’ salaries. Unregistered securities don’t appear to have been previously sold by the company.

The company developed a mobile application (app) for college students to create “by-invitation” only private groups where members can exchange messages and chats, post events, documents, media, and to-dos lists almost instantly. Everything posted to the stream is seen by all members as a timeline with a past and a future, creating a narrative of group experience even as members change over time. The app is available for iOS.

The company, headquartered in New Haven CT, was registered in 2013. Revenues were not reported.
The executive team includes Daniel Gelernter and Piotr Prosol.
The board of directors includes David Gelernter, Eric Freeman, Jeffrey Samberg, Michael Satow and Trevor Hines.

Offering recap
Status: First close
Company: Lifestreams Technologies
Industry: Computers
Amount offered: $2 million
Amount placed: $500,000
First sale: 03-31-2014
Data as of: 04-01-2014

Late filer PBworks disclosed information on its $422,000 issuance of unsecured convertible promissory notes


pbworksLate filer PBworks (FKA PBwiki) reported selling 100% of its debt issuance via a subscription which launched last August. According to the information disclosed, five subscribers ponied up $421,000 out of the $422,000 the company expected to raise. Four previous unregistered financing rounds raised an estimated $10.06 million. The company is backed by early investor Mohr Davidow Ventures via its MDV VIII fund.

The company develops and markets cloud collaboration solutions for businesses and education. The suite of collaboration platforms includes among others AgencyHub, New Business Hub, LegalHub. The platforms are designed so users can share information and assets within the organization or with clients, collect feedback, set schedules, manage meetings, and coordinate activity.

The company is headquartered in San Mateo CA. PBworks kept its revenues undisclosed.
The executive team includes James Groff.
The board of directors includes Arnold Silverman, David Weekly, Konstantin Othmer, Mehdi Maghsoodnia and Roger Sippl.

The company has raised an estimated total of $10.48 million via private unregistered security offerings.

Offering recap
Status: First close
Company: PBworks
Industry: Other Technology
Amount offered: $422,000
Amount placed: $421,000
First sale: 08-29-2013
Data as of: 03-28-2014