Tagged: hosting

CoinTerra reports successful placement of its mezzanine securities


XDATA – August 15th 2014

cointerraA $960,000 unregistered mezzanine investment round initiated by CoinTerra was subscribed by forty-three financial backers. According to the information disclosed, the placement started on August 1st and was fully subscribed. One prior placement was closed under regulation D by the company and raised an estimated $1.3 million.

The company is a hardware and software developer that designs, produces and operates systems for the mining of bitcoin. The company also offers mining contracts for maintenance free mining, contracts prices range between $1,000 to $1.5 million for a 12 month contract.

The company was registered in 2013 and has its headquarters located in Austin TX. CoinTerra kept its revenues undisclosed.
The executive team includes Jaime Edwards, Pradeep Kumar Cheruvathoor, Ravi Iyengar, Sunny Kalara, Tamas Blummer and Timo Tobias Hanke.
The board of directors includes Jean Belanger.

The company has raised an estimated total of $2.26 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: CoinTerra
Industry: Computers
Amount offered: $960,000
Amount placed: $960,000
First sale: 08-01-2014
Data as of: 08-15-2014

For more information visit www.XDATA.co

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Photobucket issues $3.19 million worth of securities


XDATA – August 12th 2014

photobucket92% of Photobucket‘s $3.48 million unregistered private offering was placed almost two weeks ago. The non-brokered equity securities were subscribed by four investors. The first close garnered $3.19 million. Until this disclosure Photobucket had raised an estimated $8.72 million in unregistered securities via one previous financing round.

The company is an image and video hosting website. The company offers a host of web-based services to share, edit and print pictures.

The company is headquartered in Denver CO. Photobucket elected to keep its revenues undisclosed.

The executive team includes Matt Pullam and Tom Munro.

The board of directors includes Bill Mcaleer, Erik Moreno, Liping Fan, Ren Riley, Steve Coffey and Tom Huseby.

The company has raised an estimated total of $11.91 million via private unregistered security offerings.

Offering recap

Status: First close

Company: Photobucket

Industry: Other Technology

Amount offered: $3.48 million

Amount placed: $3.19 million

First sale: 07-30-2014

Data as of: 08-12-2014

For more information visit www.XDATA.co

Google Reader + Basecamp + WordPress = Needly which closed on $988,000 financing


Needly, Inc. announced the completion of its $988,000 non-brokered fundraising effort which was initiated in February. Three investors subscribed to the equity issuance. The company is tapping into the US private offering market for the first time. The equity offering’s expected net proceeds amount to $888,000 excluding $100,000 earmarked for the payment of officers’ salaries.

The title says it all. Needly is a service that aims to enhance user’s experience to follow feeds (Google Reader), collaborate in small groups (Basecamp), and build “drag and drop” professional looking web sites (WordPress). While the basic package is free, the company offers two other options at $19 and $99 per month.

The company is headquartered in Santa Monica CA. Needly, Inc. elected not to disclose its revenues. The executive team includes Fred Krueger (Founder and CEO) , Ben Nunemaker (Founder and CTO), Antony Van Couvering (CEO of Top Level Domain Holdings) and Brian W. Seidman (Corporate Development).

Offering recap:
Status: Completed/Final close
Company: Needly, Inc.
Industry: Other Technology
Amount offered: $988,000
Amount placed: $988,000