Tagged: monitoring

ScriptRock completed a new equity offering


XDATA – August 11th 2014

scriptrockScriptRock sold a total of $8.73 million in a non-brokered equity investment round. The transaction which started on July 25th, garnered the support of eighteen investors. No offering was previously initiated by the company under a registration exemption with the SEC.

ScriptRock markets and develops a cloud-based configuration monitoring platform to discover, track, and control environment changes in the data center or the cloud. The company is backed by Valar Ventures, 500 Ventures, Starfish Ventures and Square Peg.

Michael Baukes (President) leads the San Francisco CA based company which was registered in 2012. ScriptRock elected to keep its revenues undisclosed.
The executive team includes Alan Sharp-paul.
The board of directors includes Hamish Hawthorne.

Offering recap
Status: Completed
Company: ScriptRock
Industry: Other Technology
Amount offered: $8.73 million
Amount placed: $8.73 million
First sale: 07-25-2014
Data as of: 08-08-2014

For more information visit www.XDATA.co

Advertisements

Pavlok reached the $150,000 mark raised via its mezzanine financing


Change: offered +0% / raised +30% / placed 30%

pavlokPavlok disclosed having increased subscription by 30% on its $500,000 mezzanine financing. An additional $35,000 worth of securities was placed by the company with five investors since the company last released data last March. This brings to $150,000 the amount raised from the fourteen backers who subscribed to the offering. The offering is structured to close in six months at the latest. The company is issuing unregistered securities for the first time.

Pavlok develops a coaching and monitoring bracelet for users to create good habits. A mobile application used in conjunction with the device allows users to set goals and either get rewarded for meeting them or face consequences, like getting shocked until it becomes a habit.

Maneesh Sethi (President) leads the Boston MA based company which was registered in 2013. Pavlok kept its revenues undisclosed.

Pavlok is registered under the name Behavioral Technology Group.

Offering recap
Status: Intermediary close
Company: Pavlok
Industry: Other Technology
Amount offered: $500,000
Amount placed: $150,000
First sale: 02-07-2014
Data as of: 07-18-2014
For more information visit www.XDATA.co

Senseonics files for first close after raising 42%


senseonicsSenseonics‘s first close reached $9.94 million. The company’s $23.6 million non-brokered equity issue was 42% sold to eleven investors. The first commitments were received almost two weeks ago. The offering will remain open until May 2015 while an additional $13.66 million worth of securities is sold to investors. The company closed three previous unregistered private placements which raised an estimated $115.56 million. The company is backed by Abingworth Management ltd., Anthem Capital, Delphi Ventures, Greenspring Associates, HealthCare Ventures, NEA and Rho Capital Partners.

Senseonics develops and manufactures a glucose monitoring solution. The solution encompasses a subcutaneous sensor implant that measures glucose in the interstitial fluid for up to six months, a wireless transmitter that activate and receives data from the sensor, and finally a smartphone application (app) to read the data in real-time.

The company, headquartered in Germantown MD, is led by Timothy T Goodnow (President and CEO). Senseonics elected to keep its revenues undisclosed.
The board of directors includes Douglas A Roeder, Ed Fiorentino, Francis H Zenie, John W Littlechild, M James Barrett, Peter Justin Klein and Stephen P Defalco.

The company has raised an estimated total of $125.49 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Senseonics
Industry: Biotechnology
Amount offered: $23.6 million
Amount placed: $9.94 million
First sale: 05-21-2014
Data as of: 05-30-2014

$3.9 million financing completed by Consano Medical


consano medicalA $3.9 million unregistered equity financing by Consano Medical successfully drew to a close. The brokered investment round was placed among nine investors. The subscription started a little over a week ago. The private placement’s expected net proceeds amounts to $3.63 million which excludes $273,000 paid in brokerage fees. No offering was previously initiated by the company under a registration exemption with the SEC.

Consano Medical designs and markets minimally-invasive intelligent monitoring devices. The company’s first product, the Canary Catheter monitoring device, detects subtle changes in several physiological parameters: core body temperature, respiratory rate, heart rate, intra-abdominal pressure, and relative cardiac output. Tracking these changes may allow for earlier diagnosis and optimal treatment according to the company.

Daniel Burnett (CEO) leads the San Francisco CA based company which was registered in 2012. Consano Medical elected to keep its revenues undisclosed.

Offering recap
Status: Completed
Company: Consano Medical
Industry: Biotechnology
Amount offered: $3.9 million
Amount placed: $3.9 million
First sale: 05-13-2014
Data as of: 05-23-2014

Purfresh reports $1.01 million raised at first close


PFI acquisitionPFI Acquisition (DBA Purfresh) received two commitments for its $6.38 million financing round. Investors committed to buy 16% or $1.01 million worth of equity almost two weeks ago. An additional $5.37 million in funding is to be raised until the offering draws to a close in May 2015. A total of five unregistered securities offerings closed by the company raised an estimated $18.61 million.

The company developed a system to monitor in real time and enhance the atmosphere inside a refrigerated container with the use of ozone. The system allows to ship fresh produce around the world via ocean transit while controlling molds, yeasts, ethylene, Salmonella, E. coli, Listeria and other contaminants in the air and on surfaces.

Brian Westcott (President and CEO) leads the Menlo Park CA based company which was registered in 2012. PFI Acquisition elected to keep its revenues undisclosed.

The board of directors includes Frederick La Grauer and William Elmore.

The company has raised an estimated total of $19.62 million via private unregistered security offerings.

Offering recap
Status: First close
Company: PFI Acquisition
Industry: Other Technology
Amount offered: $6.38 million
Amount placed: $1.01 million
First sale: 05-01-2014
Data as of: 05-13-2014

Touchtown reached its $82,000 fundraising target


touchtownBased on information filed with the SEC, Touchtown reported the successful subscription and close of its non-brokered equity financing. One financial backer invested $82,000 one month ago. Two previous unregistered financing rounds raised an estimated $445,000.

The company markets and designed a web-based content manager platform to help senior living communities deliver content and offer services on television channels, digital signs, print, websites and tablets. The company also offers safety solutions such as alert pendants, pull cords, and remote daily check-in. via its application developed for residents.

The company is headquartered in Oakmont PA. Touchtown elected to keep its revenues undisclosed.

The executive team includes Jeff Pepper.
The board of directors includes Paul Winkler, Suzanne Teele and William Rooney.

The company has raised an estimated total of $527,000 via private unregistered security offerings.

Offering recap
Status: Completed
Company: Touchtown
Industry: Other Technology
Amount offered: $82,000
Amount placed: $82,000
First sale: 03-31-2014
Data as of: 05-06-2014

VoCare launched $20* million fundraising effort


vocareDespite filing an amendment for its Series A financing round, VoCare confirmed that the company is in the market to raise $20 million via a brokered equity private placement. The company structured the offering to remain open until April 2015 if not fully subscribed. No securities have been subscribed by investors yet. The private placement, excluding $500,000 to be paid toward officers’ salaries and $500,000 to be paid in placement fees, will bring in estimated net proceeds of $19 million. Until this disclosure VoCare had raised an estimated $5 million in unregistered securities via one previous financing round. The company disclosed to Random Research having raised $5 million as part of its Series A financing round despite its previous filing disclosing $3.35 million raised. The company is backed by SAW Capital and Elevate Ventures.

VoCare is a health tech company developing simple to use alert and monitoring products for seniors. Products include MyHealth Tablet which allows physicians and care giver to monitor patients remotely. The tablet has the ability to capture all patient vital signs (such as weight, blood pressure, glucose reading, temperature, oxygen level, and others), as well as conduct a “remote office visit” with a patient. It also offers audio and visual medication reminders, physical therapy alerts, and patient education on relevant topics. The tablet is Health Insurance Portability and Accountability Act (HIPAA) compliant. Other products include a personal emergency response system, a mobile phone solution as well as a call center.

The company, headquartered in Indianapolis IN, is led by Steven R Peabody (President and CEO). VoCare elected to keep its revenues undisclosed.

*The size is well outside our coverage however it shows how analysis and research can turn a questionable filing into news.

Offering recap
Status: Launched
Company: VoCare
Industry: Other Health Care
Amount offered: $20 million
Data as of: 04-25-2014

Fitwall placed $1 million with one investor


fitwall venturesOne undisclosed financial backer bought $1 million worth of equity offered by Fitwall Ventures. According to the filing, it was a little over a week ago that 11% of the $9 million non-brokered offering was subscribed. An additional $8 million in funding is to be raised until the offering draws to a close in March 2015. Until this disclosure Fitwall Ventures had raised an estimated $3 million in unregistered securities via one previous financing round.

The company is behind the branded fitness studios that developed the 40-minute, vertical workout on proprietary walls designed for strenght, cardio and flexibility. Users can do 900 different moves on the wall and north of 9,000 with accessories. Users can monitor their heart rate and measures performance on iPads while connecting with other Fitwall athletes via social tools. The company has currently two studios in La Jolla and Solana Beach in California.

Joshua Weinstein (CEO) leads the Portland OR based company which was registered in 2012. Fitwall Ventures elected to keep its revenues undisclosed.
The executive team includes Anthony Webb and Joseph Bergeron.
The board of directors includes Anthony Westreich, Douglas Brendle and Ethan Penner.

The company has raised an estimated total of $4 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Fitwall Ventures
Industry: Other
Amount offered: $9 million
Amount placed: $1 million
First sale: 03-26-2014
Data as of: 04-04-2014

Solovis filed a first close at $250,000


solovisSolovis disclosed selling 25% of its $1 million non-brokered financing round to one investor. According to the filing, $250,000 worth of equity was subscribed a little over a week ago. The offering will remain open until March 2015 while an additional $750,000 worth of securities is sold to investors. The equity offering’s estimated net proceeds will amount to $750,000 which excludes $250,000 to be paid toward officers’ salaries. This is the first time Solovis is selling securities under a registration exemption.

The company designed and markets a portfolio management platform designed to streamline monitoring and reporting tasks for investment managers that invests across asset and instrument types from public companies to private equity fund-of-funds. According to the company the platform allows data aggregation for hedge funds, private equity funds, portfolio companies, direct securities and other asset types from service providers, accounting systems or directly within the system itself. Users can supplement data at any level of investment including estimated performance, proxied performance, risk exposure and report internally and externally on any custom defined tag set, investment, or entity. The system features customizable reporting, document management and CRM among others.

The company, headquartered in Birmingham AL, was registered in 2013. Solovis elected to keep its revenues undisclosed.
The executive team includes Caleb Doise.
The board of directors includes Edward P Meissner.

Offering recap
Status: First close
Company: Solovis
Industry: Other Technology
Amount offered: $1 million
Amount placed: $250,000
First sale: 03-24-2014
Data as of: 04-01-2014

Subscriptions to VirtualU’s equity issue increased


Change: offered +0% / raised +29% / placed 67%

virtualuVirtualU reported in a document filed with the SEC that its $500,000 equity offering is 67% subscribed as of the filing date. Prior investors ponied up an additional $80,000. They had previously subscribed to $260,000 in securities according to another filing disclosed today. So far, ten backers committed $340,000 to VirtualU’s offering. The offering’s expected net proceeds will amount to $170,000 which excludes $340,000 to be paid toward officers’ salaries. The subscription will close either once the offering is sold in full or in one month, whichever one comes first. The company had disclosed a first close of $150,000 in May 2013 that was reported by Random Research.

It seems the company’s marketing approach was refined since we last reported on the company. At the time we thought the focus was on fashion and apparel online shopping, but it seems its first technology application is for the fitness market. VirtualU builds scanners to digitalize human bodies as well as consumer products in order to integrate them into interactive online environments. The company came out with VFit to track users body changes. The scanner is available at select gyms for now. It takes ten seconds for the scanner to render a hyper-realistic model of the users and their key statistics including: height, weight, BMI, fat %, lean muscle mass, waistline and resting heart rate. The users can monitor data from their smart phones and even share it with their personal trainers. With nine million + data points captured the application will report the slightest changes to users.

Louis Cirillo (President and CEO) leads the Blacksburg VA based company which was registered in 2012. Revenues were not reported. The executive team includes Caroline Pugh (COO) and Nicholas Gagianas (CMO – Chief Modeling Officer).

Offering recap
Status: Intermediary close
Company: VirtualU
Industry: Other Technology
Amount offered: $500,000
Amount placed: $340,000