Tagged: communication

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

Advertisements

Krimmeni Technologies files for first close after raising $12.1 million


XDATA – September 30th 2014

Krimmeni Technologies Krimmeni Technologies‘ first close reached $12.1 million. The company’s $12.5 million non-brokered equity issue was 97% sold to twelve investors. The first commitments were received on September 16th. Two previous unregistered financing rounds raised an estimated $2.7 million.

The company is a cloud-enabled, cybersecurity software developer focused on secure communications for connected devices. The technology is building on the company’s patented method and system called “recursive security protocol” for digital rights management (DRM). This system enables content and technology providers to deliver consumer-friendly solutions while still ensuring fair compensation to content providers. The technology is designed to support the principles of “Fair Use” and the “Right of First Sale”. “Fair Use” allows consumers to make any number of unsupervised copies of their legally purchased property. “Right of First Sale” allows consumers to resell a purchased product at any time. The unique nature of this Recursive Security Protocol permits both of these functionalities without infringing on any of the traditional rights of the copyright holder.

The company, headquartered in Austin TX, is led by David A Lundgren (CEO). No revenues were reported by the company.
The executive team includes William V Oxford.
The board of directors includes Brian Thompson, Donald R Shriner and Harry J Rosenbluth.

The company has raised an estimated total of $14.8 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Krimmeni Technologies
Industry: Other
Amount offered: $12.5 million
Amount placed: $12.1 million
First sale: 09-16-2014
Data as of: 09-30-2014

For more information visit www.XDATA.co

Gusto issues $500,000 worth of securities


XDATA – August 29th 2014

gusto33% of Gusto‘s $1.5 million unregistered private offering was placed on August 12th. The non-brokered equity securities were subscribed by three investors. The first close garnered $500,000. The offering will remain open until August 2015 while an additional $1 million worth of securities is sold to investors. This is the first time Gusto is selling securities under a registration exemption.

Gusto develops and markets a mobile application for e-mail visualization and attachments download. The app saves all files and photos users sent or received in a single place, automatically, across all email accounts.

Shawn Schwegman (CEO) leads the Indianapolis IN based company which was registered in 2012. Gusto elected to keep its revenues undisclosed.
The board of directors includes Gerald J Longa, Jason Kellerman, Peter K Hawryluk and Ting Gootee.

Offering recap
Status: First close
Company: Gusto
Industry: Other Technology
Amount offered: $1.5 million
Amount placed: $500,000
First sale: 08-12-2014
Data as of: 08-27-2014

For more information visit www.XDATA.co

JumpLinc files details on the completion of its financing round


jumplincOne financial backer invested $500,000 in return for unregistered equity securities issued by JumpLinc. The transaction completed a couple of months ago via a non-brokered private placement. Until this disclosure JumpLinc had raised an estimated $500,000 in unregistered securities via one previous financing round.

JumpLinc markets and develops solutions for fixed and mobile communication network operators to expand their network coverage and/or capacity by efficiently managing their spectrum using a network of small cell. Small cells are low-powered radio access nodes that operate in licensed and unlicensed spectrum that have a range of 10 meters to 1 or 2 kilometers. The company currently is focused on providing a turnkey installation of small cell indoors and outdoors targeting the top 50 markets in the United States.

The company, headquartered in Denver CO, was registered this year. Revenues were not disclosed.
The executive team includes Mike Miller.
The board of directors includes Dan O’brien, Kevin T Reidy and Patrick Mccamley.

The company has raised an estimated total of $1 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: JumpLinc
Industry: Telecommunications
Amount offered: $500,000
Amount placed: $500,000
First sale: 03-06-2014
Data as of: 05-20-2014

JumpLinc, a turnkey offloading solution provider, files details on its $500,000 financing


jumplincJumpLinc raised $500,000 from three financial backers a couple of months ago according to information disclosed by the company. The non-brokered equity offering was fully subscribed. No offering was previously initiated by the company under a registration exemption with the SEC.

The company offers fixed and mobile communication network operators a solution to expand their network coverage and/or capacity by efficiently managing their spectrum using a network of small cell. Small cells are low-powered radio access nodes that operate in licensed and unlicensed spectrum that have a range of 10 meters to 1 or 2 kilometers. JumpLinc currently is focused on providing a turnkey installation of small cell indoors and outdoors targeting the top 50 markets in the United States.

The company, headquartered in Denver CO, was registered this year. Revenues were not disclosed.

The executive team includes Mike Miller (CEO).
The board of directors includes Kevin T Reidy and Patrick McCamley.

Offering recap
Status: Completed
Company: JumpLinc
Industry: Other Technology
Amount offered: $500,000
Amount placed: $500,000
First sale: 01-31-2014
Data as of: 04-14-2014

SaaS communication developer raised $300,000 via equity issuance


via680 LLC successfully placed $300,000 worth of equity with one investor in a non-brokered private offering.

The company designed a cloud application called “Ving!” that enables users to create interactive messages with audio, video, photos, surveys etc…and sent in a single secured message shared through links on webpages, email, social media and mobile messaging. A real time activity reporting dashboard allows the user to track if the message has been received, read, viewed, heard and understood. The company offers two versions, one designed for corporations, the other one for the higher education market.

via680, located in Youngstown OH, was founded in July 2008 originally under the name Bizveo LLC. The company changed its name in September 2010.  The company’s revenues were below $1 million.

The company is lead by Tony DeAscentis (CEO), Stephanie Hunter (COO), Jason Cuddy (VP R&D) and April Bixel (VP Support Services).