TerraGo Technologies successfully completed its $995,000 equity offering which started last month. The non-brokered private placement was subscribed by ten investors. The company closed eight private placements which raised an estimated $23.72 million. The company is backed by In-Q-Tel, RedShift Ventures and CNF Enterprises the corporate venture arm of Clark Enterprises. TerraGo acquired In-Q-Tel portfolio company Geosemble in 2012.
TerraGo develops location intelligence, geospatial collaboration and field data collection solutions designed with defense and intelligence departments, government agencies and commercial enterprises in mind. From news feeds, blog posts and social media to documents, maps and imagery, TerraGo allows organizations to discover location intelligence, integrate geospatial intelligence and deliver situational awareness. To sum it up, TerraGo strives to offer meaningful location intelligence from unstructured big data.
The company, which recently relocated its headquarters in Washington DC, is led by Christopher Broderick (CEO). TerraGo Technologies elected not to disclose its revenues. The executive team includes David Stokely. The board of directors includes Mark Frantz, Anne Miglarese, Jonathan Perl, Richard Harris, Joseph Del Guercio and David Ellison.
Status: Completed/Final close
Company: Terrago Technologies Inc
Industry: Other Technology
Amount offered: $995,000
Amount placed: $995,000