Tagged: data

FinTech platfrom Quandl disclosed reaching its $12 million fundraising target

quandlQuandl develops and markets a web-based platform for financial and economic data that covers over 10 million financial and economic datasets from over 500 publishers, including capital markets, energy, shipping, healthcare, education, demography, macro-economic and society data. Every single dataset is available via API, via libraries for Excel, R, Python, Matlab and other tools, and via instant download in any format. Financial backers include August Capital and iGan Partners.

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Investors buy $5 million worth of Caringo’s equity

caringoCaringo disclosed placing 63% of its $8 million non-brokered equity. Based on the filing, three investors started to subscribe to the $5 million first close on July 9th. $3 million in additional funding can be raised before July 2015 based on the placement’s structure. The company closed three previous unregistered private placements which raised an estimated $10.83 million.

Caringo markets and develops object storage software that gives users control over any volume, flow or size of unstructured information. The company is backed by Vodafone Ventures and Austin Ventures.

The company, headquartered in Austin TX, is led by Mark Goros (CEO). Caringo elected to keep its revenues undisclosed.
The executive team includes Jeff Mims, Jonathan Ring and Paul Carpentier.
The board of directors includes David Lee.

The company has raised an estimated total of $15.83 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Caringo
Industry: Other Technology
Amount offered: $8 million
Amount placed: $5 million
First sale: 07-09-2014
Data as of: 07-21-2014

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Powerlytics closed its equity security offering after increasing its fundraising cap

Change: offered +54% / raised +209% / placed 100%

powerlyticsPowerlytics closed its unregistered equity offering after increasing the placement’s size by 54% to $1.7 million. The offer closed after the company raised $1.15 million from eight additional investors within almost a year. At closing, a total of twenty investors had subscribed to Powerlytics’ offering. Up to now Powerlytics had raised an estimated $300,000 in unregistered securities via one financing round.

The company is a financial information provider sourcing its data from IRS tax returns filed between 2002 and 2012. The data covers businesses as well as individuals. The company offers reporting and analytic solutions for benchmarking, market sizing, and research.

The company, headquartered in Doylestown PA, is led by Kevin Sheetz (CEO). Powerlytics kept its revenues undisclosed.
The executive team includes Jose Plehn-Dujowich.

The company has raised an estimated total of $2 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Powerlytics
Industry: Other Technology
Amount offered: $1.7 million
Amount placed: $1.7 million
First sale: 12-20-2012
Data as of: 05-23-2014

kWh Analytics disclosed information on its $1 million debt issuance

kwh analyticskWh Analytics reported selling 56% of its debt issuance via a subscription which launched on April 18th. According to the information disclosed, ten subscribers ponied up $555,000 out of the $1 million the company expected to raise. $445,000 in additional funding can be raised before April 2015 based on the placement’s structure. This is the first debt financing done by the company under a registration exemption.

The company is an independent provider of live operating solar asset data as well as a big data predictive analytic platform. The data covers 10,000+ photovoltaic systems (arrangement of components supplying electricity), 3 million modules (packaged, connected assembly of solar cells) and 50,000+ inverters (DC to AC power converters). The historical performance data spans the residential, commercial and utility-grade segments as well as all US states with a significant solar demand. The company targets institutional investment firms as well as solar industry participants.

Richard Matsui (President and CEO) leads the San Francisco CA based company which was registered in 2012. kWh Analytics kept its revenues undisclosed.

The executive team includes Nicholas Malaya.

Offering recap
Status: First close
Company: kWh Analytics
Industry: Other Energy
Amount offered: $1 million
Amount placed: $555,000
First sale: 04-18-2014
Data as of: 05-05-2014

Outsourced clinical research performance assessment platform in the market with $500,000 equity offering

cro analyticsAccording to information disclosed by CRO Analytics, $30,000 was subscribed by one investor on February 6th 2014. CRO Analytics capped the non-brokered equity backed financing at $500,000. An additional $480,000 in funding can be raised until the offering draws to a close in February 2015. The company is filing for the first time a security registration exemption with the SEC.

The company is developing a database to collect, analyze, and report data on performance of clinical research organizations (CRO) and other related research service providers. CRO Analystics doesn’t seem to have launched its product as of yet.

The company, headquartered in New Hope PA, is led by Peter B. Malamis (Chief Executive Officer). CRO Analytics elected to keep its revenues undisclosed.

Offering recap
Status: First close
Company: CRO Analytics
Industry: Other Technology
Amount offered: $500,000
Amount placed: $30,000
First sale: 2014-02-06

Social impact mobile data solution provider placed $112,500 in equity

access.mobile, Inc. announced a $112,500 first close on its $500,000 equity financing. Seven investors participated to the non-brokered private placement. The offering will remain open for a year while at most 15 additional investors are sought.

The company offers mobile data solutions that enable structured data collection, management and analysis. These solutions are designed for developing countries which rely on physical data gathering and lacking the infrastructure to exchange, collect and analyze data efficiently. access.mobile provides four core solutions which can be customized. “amData” which features real-time, web-based data analytics and data export capabilities. A health version of “amData” was deployed in seventy private health clinics in Uganda. “amAgriculture” features supply chain management tools, tracks yields and records supply transactions. “amSupply” focuses on inventory tracking and management while “amCommunicator” is a two-way, multi-channel communication platform that offers users SMS (texting), voice and email capabilities. The company has a local presence in Uganda, Rwanda and Tanzania.

access.mobile, headquartered in Denver CO, was founded by Kaakpema “KP” Yelpaala (CEO). The exectuve team includes: Kahwa C. Douoguih (COO), Jenais K. Zarlin (Business development) and Josiah O. Hatch III (Director and General counsel).

Food label data aggregator completes $600,000 private placement

FoodEssentials Corp. raised $600,000 from eight investors via a non-brokered equity offering. The company is backed by Capital Innovators (in December 2012) and Cultivation Capital (in March 2013) two catalyst and seed investors.

FoodEssentials aggregates US food label data sources and provides analysis tools. It offers two products. The first one “LabelINSIGHT” allows users to research the distribution of nutrient, ingredient, allergen and additive properties of a specific product and of an entire market segment. This provides insight on possible marketing claims and in-depth market analysis for product research and development. The second product, “LabelAPI”, was developed to simplify building nutrition-based applications. The company is a preferred data supplier to the FDA since 2010, updates 40,000 products every month representing 80% of the market, supplies data to 2000 stores and serves 6 million users each month via mobile application.

The Saint Louis MO based company was founded in 2008 by Anton Xavier (CEO), Dheeraj Patri (COO) and Dagan Xavier (Chief Administrative Officer). Cultivation Capital has a sit on the board of directors.

Big data company closes $800,000 equity financing

Tranzlogic LLC, formerly known as Dovetail Data, sold $800,000 worth of equity to three investors domiciled in Mississippi. The offering was placed by Cocker & Palmer, Inc. a large investment adviser and broker with $110 million of asset under management mostly for “regular” and high net worth individuals. The prior equity offering which closed in November 2012 with the addition of Cliff Teston to the board, raised $1 million and paved the way for the recently disclosed partnership between Tranzlogic and Signature Card Services. The company raised an estimated $2.5 million in equity since its start in November 2011.

The company provides electronic payment analytical services via a web portal for small and medium-sized businesses (SMBs). Two products are available, Tranzlogic and Tranzlogic Pro, that use a proprietary process that identifies best customers based on various criteria leveraging credit card transaction data.

Tranzlogic is headquartered in Simi Valley, CA and is lead by Charles Hogan (COB, CEO and president), Anthony Aker (VP and secretary) and Charles Watkins (CTO). The company’s revenues are currently below $1 million.