Tagged: fundraising

Weekly report – subscriptions in VC & SMBs increased to $1.89 billion


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During the past seven days, the Regulation D market expanded at a faster pace in terms of transactions while the pool of money raised grew at milder rate. Furthermore, the activity of the VC & SMB market expanded at a slower pace than the overall Regulation D market, though fundraising growth outpaced it.

Last week, the number of fundraising transactions increased by 15% to 223. Reg D issuers were significantly more bullish than before and offered the market $2.34 billion worth of securities, an improvement of 91%. Charting a similar path, investors purchased much more, subscriptions rocketed 122% to $1.89 billion.

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BookingPal closed a substantial financing round

Illuminate Education Holdings reports $26.5 million investment round


illuminated Illuminate Education Holdings raised $26.5 million as part of a fully subscribed non-brokered equity offering. The subscription, which started almost two weeks ago, lured six investors. The equity offering’s estimated net proceeds amount to $26.17 million excluding $335,000 earmarked for the payment of officers’ salaries. No offering was previously initiated by the company under a registration exemption with the SEC.

Illuminate Education Holdings markets and develops a cloud-based platform for educators offering a suite of modules including a student information system (SIS), a special education system, and a data and assessment management system. The company is backed by Insight Venture Partners.

The company, headquartered in Irvine CA, was registered this year. Revenues on or below $25 million were reported byIlluminate Education Holdings.
The executive team includes Lane D Rankin and Scott G Hickson.
The board of directors includes Abram Jimenez and Nikitas Koutoupes.

Offering recap
Status: Completed
Company: Illuminate Education Holdings
Industry: Other
Amount offered: $26.5 million
Amount placed: $26.5 million
SEC filing: Source
First sale: 11-21-2014
Data as of: 12-02-2014

For more information visit www.XDATA.co

Seres Health reported the completion of a $48 million financing round


seresHealth$48 million was raised by Seres Health following the successful placement and issuance of its unregistered equity securities. A total of twenty investors participated to the non-brokered placement which started a little over a week ago. Until this disclosure Seres Health had raised an estimated $10.63 million in unregistered securities via one previous financing round.

Seres Health develops Ecobiotic therapeutic products, novel drugs to treat important diseases by targeting the underlying biology of the human microbiome. The company is backed by VentureLabs, Flagship Ventures’ innovation foundry.

The company, headquartered in Cambridge MA, is led by Roger J Pomerantz (President and CEO). Seres Health elected to keep its revenues undisclosed.
The executive team includes David Cook, Eric D Shaff and John Aunins.
The board of directors includes David Berry, Lorence Kim, Noubar Afeyan, Peter Barton Hutt, Richard Kender and Werner Cautreels.

The company has raised an estimated total of $58.63 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Seres Health
Industry: Pharmaceuticals
Amount offered: $48 million
Amount placed: $48 million
SEC filing: Source
First sale: 11-24-2014
Data as of: 12-02-2014


For more information visit www.XDATA.co

Narrative Science reports $10 million investment round


narrative science Narrative Science raised $10 million as part of a fully subscribed non-brokered equity offering. The subscription, which started on November 13th, lured five investors. The equity offering’s estimated net proceeds amount to $9.5 million excluding $500,000 earmarked for the payment of officers’ salaries. A total of five unregistered securities offerings closed by the company raised an estimated $22.7 million.

Narrative Science develops and markets an automated narrative generation engine for the enterprise. Powered by artificial intelligence, its Quill platform integrates data from disparate sources, understands what is important to the end user and then automatically generates written narratives to convey meaning from the data for any intended consumer or business audience, at unlimited scale. Investors include Sapphire Ventures, Jump Capital and Battery Ventures, In-Q-Tel, and United Services Automobile Association (USAA).

The company, headquartered in Chicago IL, is led by Stuart B Frankel (CEO). Narrative Science elected to keep its revenues undisclosed.
The executive team includes Adam Kanouse, Kristian Hammond and Nicholas Beil.
The board of directors includes David Rosenblatt, Jai Das, Sachin Chitnis and Victor Pascucci.

The company has raised an estimated total of $32.7 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Narrative Science
Industry: Other Technology
Amount offered: $10 million
Amount placed: $10 million
SEC filing: Source
First sale: 11-13-2014
Data as of: 11-28-2014

For more information visit www.XDATA.co

Cognitive Media Networks files details on its $14.68 million financing


cognitive media networks Cognitive Media Networks raised $14.68 million from four financial backers almost two weeks ago according to information disclosed by the company. The non-brokered equity offering was fully subscribed. Until this disclosure Cognitive Media Networks had raised an estimated $3 million in unregistered securities via one previous financing round.

Cognitive Media Networks markets and develops real-time services powered by automatic content recognition (ACR) technology for smart TVs. The company’s ENGAGE API allows smart TVs to launch applications that are intelligently synchronized with live or time-shifted television, enabling ecosystem partners to add enhanced TV capabilities to broadcast TV displaying on smart TVs. The company is backed by DCM Ventures and Rogers Venture Partners.

J Michael Collette (CEO) leads the San Francisco CA based company which was registered in 2012. Cognitive Media Networks elected to keep its revenues undisclosed.
The executive team includes J Michael, Jr Collette and Zeev Neumeier.
The board of directors includes Jason Fairchild, Jason Krikorian, Kenneth Bronfin and Mike Lee.

The company has raised an estimated total of $17.68 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Cognitive Media Networks
Industry: Other Technology
Amount offered: $14.68 million
Amount placed: $14.68 million
First sale: 11-12-2014
Data as of: 11-20-2014

For more information visit www.XDATA.co

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

Bion Pharmaceuticals reports $21.28 million raised at first close


Bion Pharmaceuticals received two commitments for its $30 million financing round. Investors committed to buy 71% or $21.28 million worth of equity a little over a week ago. Based on the offering’s structure, the company has until November 2015 to raise an extra $8.73 million. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.

The company is a provider to pharmaceutical and biotech companies of a comprehensive array of services ranging from securing regulatory permissions to distribution deals for Indian and European drug makers seeking to enter the US drug market. Financial backers include Signet Healthcare Partners and Pharmascience.

The company, headquartered in Princeton NJ, was registered this year. Revenues were not disclosed.
The executive team includes Gaurav Mehrotra, Lavesh Samtani and Venkatachalam Krishnan.
The board of directors includes David W Goodman and James Gale.

Offering recap
Status: First close
Company: Bion Pharmaceuticals
Industry: Pharmaceuticals
Amount offered: $30 million
Amount placed: $21.28 million
First sale: 11-03-2014
Data as of: 11-12-2014

For more information visit www.XDATA.co

$2 million equity private placement is initiated by VentuCap


ventucapA $2 million non-brokered equity financing round is being launched by VentuCap. The placement is structured to close in November 2015 should the fundraising target not be reached. The company didn’t report selling securities thus far. The equity offering’s estimated net proceeds will amount to $1.75 million which excludes $252,000 to be paid toward officers’ salaries. This is the first time the company is filling a security offering under a registration exemption with the SEC.

The company is a business incubator focused on developing its own internal businesses first before seeking external opportunities. Products developed target the mass market.

VentuCap, registered in 2014, is headquartered in Glendale CA. It is led by Vahe Ohanessian (President and CEO). The company reported having no revenues.
The executive team includes Peter Sheu and Petros Dertsakyan.

Offering recap
Status: Launched
Company: VentuCap
Industry: Other Technology
Amount offered: $2 million
Data as of: 11-08-2014

For more information visit www.XDATA.co

Ambiq Micro reported the completion of a $15.6 million financing round


ambiq micro$15.6 million was raised by Ambiq Micro following the successful placement and issuance of its unregistered equity securities. A total of twenty-seven investors participated to the non-brokered placement which started today. A total of ten unregistered securities offerings closed by the company raised an estimated $23.95 million.

Ambiq Micro develops, designs and markets a portfolio of ultra-low power semiconductors. It developed an advanced complementary metal–oxide–semiconductor (CMOS) platform, SPOT (Subthreshold Power Optimized Technology), that reduces the system power requirements for semiconductors used in energy critical applications. Financial backers include Austin Ventures, Mercury Fund and Huron River Ventures.

The company, headquartered in Austin TX, is led by Mark Foley (President and CEO). Ambiq Micro elected to keep its revenues undisclosed.
The executive team includes Edward B Hill, Greg Van De and Scott Hanson.
The board of directors includes Clark Jernigan, Mike Noonen, Weijie Yun and Wen Hsieh.

The company has raised an estimated total of $39.55 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Ambiq Micro
Industry: Other Technology
Amount offered: $15.6 million
Amount placed: $15.6 million
First sale: 11-07-2014
Data as of: 11-07-2014

For more information visit www.XDATA.co