Tagged: iot

SmartPlate files for first close after raising 8%

For more information about this financing and other visit www.XDATA.co
XDATA – January 7th 2016
SmartPlate‘s first close reached $250,000. The company’s $3.01 million non-brokered equity issue was 8% sold to thirteen investors. The first commitments were received on December 22nd. An additional $2.76 million in funding is to be raised until the offering draws to a close in December 2016. It appears to be the first time the company is filling a security offering under a registration exemption.
SmartPlate markets an intelligent plate that instantly analyzes everything a user eats. It is equipped with advanced object recognition and weight sensors which enable it to automatically identify, weigh and analyze the food intake. The device is paired with a mobile application that enables users to track their eating habits over time. The company is backed by University City Science Center and is a DreamIt Health alumnus.
The company, headquartered in Philadelphia PA, is led by Caonabo A Ortiz (CEO). SmartPlate elected to keep its revenues undisclosed.
The executive team includes Caonabo Anthony Ortiz.

SmartPlate is registered under the name Fitly.

Offering recap
Status: First close
Company: SmartPlate
Industry: Other Technology
Amount offered: $3.01 million
Amount placed: $250,000
SEC filing: Source
First sale: 12-22-2015
Data as of: 01-07-2016

IoT management system developer KITU closed its private placement

KITUGranite Ventures backed Grid2Home changed its name to KITU Systems. Hey if you didn’t know about it, maybe it is time to add XDATA as part of your market monitoring regimen, 14 days free trials are available¬†here. You can find the story and many more on qbeats as well.

For more information visit www.XDATA.co

IoT developer Changing Environments issues $675,000 worth of securities

XDATA – February 4th 2015
changing environements56% of Changing Environments‘ $1.2 million unregistered private offering was placed on January 20th. The non-brokered equity securities were subscribed by three investors. The first close garnered $675,000. $525,000 in additional funding can be raised before January 2016 based on the placement’s structure. This is the first time Changing Environments is selling securities under a registration exemption.
Changing Environments designs and markets small-scale solar solutions for smart urban furniture. The company’s first product, Soofa, is a bench that combines a charging station and sensors to inform municipalities and citizens on environmental conditions such as the air quality. The company via its charging and sensing hubs as a service enables users to monitor usage and data collected by their network.
Sandra Richter (President) leads the Cambridge MA based company which was registered in 2014. Changing Environmentselected to keep its revenues undisclosed.
The board of directors includes Jutta Friedrichs and Nan Zhao.
Offering recap
Status: First close
Company: Changing Environments
Industry: Other
Amount offered: $1.2 million
Amount placed: $675,000
SEC filing: Source
First sale: 01-20-2015
Data as of: 02-03-2015

For more information visit www.XDATA.co