Tagged: fintech

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
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$45 million equity placement completed by InvestCloud


XDATA – October 7th 2015
InvestCloud disclosed raising $45 million as part of a non-brokered equity private placement. One investor acquired the securities a week ago. The equity offering’s expected net proceeds amount to $31.55 million excluding $13.45 million earmarked for the payment of officers’ salaries. The company closed three previous unregistered private placements which raised an estimated $9.85 million.
InvestCloud markets an all-in-one cloud-based outsourcing solution for the financial services industry. The company develops and deploys custom, scalable solutions with pace setting efficiency for asset managers, fund of funds, investment advisors, and the managers of pensions and endowments. These high-impact business solutions collaborate seamlessly with other technologies such as custodians and line-of-business applications, processes, and even allow businesses to leverage their existing infrastructure.
The company was registered in 2013 and has its headquarters located in Beverly Hills CA. InvestCloud elected to keep its revenues undisclosed.
The executive team includes Colin Close and John Wise.
The board of directors includes Jp Whelan and Richard Garman.

The company has raised an estimated total of $54.85 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: InvestCloud
Industry: Other Technology
Amount offered: $45 million
Amount placed: $45 million
SEC filing: Source
First sale: 09-30-2015
Data as of: 10-07-2015

 

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Zanbato closed its equity security offering after increasing its fundraising cap


Change: offered +26% / raised +73% / placed 100%
XDATA – October 7th 2015
Zanbato closed its unregistered equity offering after increasing the placement’s size by 26% to $15.06 million. The offer closed after the company raised $6.36 million from two additional investors within six months. At closing, a total of twenty-five investors had subscribed to Zanbato‘s offering. Up to now Zanbato had raised an estimated $200,000 in unregistered securities via one financing round.
Zanbato develops transaction management platform for family offices and other institutional investors to invest in private placements. The platform provide members with access to investment opportunities, aligned co-investment partners, and a suite of tools to coordinate and evaluate transactions. Financial backers include AITV (Accelerate-IT Ventures) and Formation 8.
The company, headquartered in Mountain View CA, is led by Knut Nicolai Sand (CEO). Zanbato elected to keep its revenues undisclosed.
The executive team includes Gregory L Wright and Victor Chiang.
The board of directors includes Bill M Malloy and Joseph Lonsdale.

The company has raised an estimated total of $15.26 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Zanbato
Industry: Other Technology
Amount offered: $15.06 million
Amount placed: $15.06 million
SEC filing: Source
First sale: 03-20-2015
Data as of: 10-02-2015

 

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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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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