Tagged: network

$10 million Series B-1 completed by Lastline


XDATA – August 13th 2014

lastlineA $10 million unregistered equity financing by Lastline successfully drew to a close. The non-brokered investment round was placed among nine investors. The subscription started on July 29th. The company closed three previous unregistered private placements which raised an estimated $17.4 million.

Lastline develops and markets a malware protection platform to detect and stop advanced persistent threats, zero-day exploits and evasive malware. The company’s technology inspects common network protocols and files to identify and stop advanced threats that bypass traditional signature-based systems, while remaining invisible to the malware itself by using full-system emulation. The company is backed by Redpoint Ventures and e.ventures.

The company, headquartered in Redwood City CA, is led by Jens Andreassen (CEO). Lastline elected to keep its revenues undisclosed.
The executive team includes Christopher Kruegel and Giovanni Vigna.
The board of directors includes Andreas Von Blottnitz and John Walecka.

The company has raised an estimated total of $27.4 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Lastline
Industry: Other Technology
Amount offered: $10 million
Amount placed: $10 million
First sale: 07-29-2014
Data as of: 08-12-2014

For more information visit www.XDATA.co

iM5 reached the $325,000 mark raised via its debt financing


Change: offered +0% / raised +189% / placed 43%

im5iM5 disclosed having increased subscription by 189% on its $750,000 debt financing. An additional $213,000 worth of securities was placed by the company with six investors since the company last released data almost a year ago. This brings to $325,000 the amount raised from the eight backers who subscribed to the offering. The subscription will close either once the offering is sold in full or in the last couple of months, whichever one comes first. The company is issuing unregistered securities for the first time.

iM5 develops and markets a free social network organized around crowdsourcing ideas and engagement based on common interests. The platform is exclusively dedicated to foster users’ intent of taking real-life action, whether it’s finding upcoming events, achieving personal goals, or collaborating to create social change. The application is available for iOS and Android.

Thomas Klein (CEO) leads the Mt. Pleasant SC based company which was registered in 2012. iM5 kept its revenues undisclosed.
The board of directors includes Andre Refay.

Offering recap
Status: Intermediary close
Company: iM5
Industry: Other Technology
Amount offered: $750,000
Amount placed: $325,000
First sale: 08-19-2013
Data as of: 06-06-2014

weeSPIN disclosed $200,000 first close


weespinA total of $200,000 was raised by weeSPIN as part of its $500,000 unregistered private placement. The non-brokered equity securities started to be bought by five investors last Wednesday. The offering will remain open until May 2015 while an additional $300,000 worth of securities is sold to investors. The company is filing for the first time a security registration exemption with the SEC.

weeSPIN markets and develops a social application (app) that allows users to compile song playlists using Spotify or Soundcloud, add pictures, share them and meet people who are like minded, musically speaking.

The company, headquartered in Santa Monica CA, is led by Darius Fong (President). weeSPIN elected to keep its revenues undisclosed.
The executive team includes Jonathan Rourke.

Offering recap
Status: First close
Company: weeSPIN
Industry: Other Technology
Amount offered: $500,000
Amount placed: $200,000
First sale: 05-28-2014
Data as of: 05-29-2014

JumpLinc files details on the completion of its financing round


jumplincOne financial backer invested $500,000 in return for unregistered equity securities issued by JumpLinc. The transaction completed a couple of months ago via a non-brokered private placement. Until this disclosure JumpLinc had raised an estimated $500,000 in unregistered securities via one previous financing round.

JumpLinc markets and develops solutions for fixed and mobile communication network operators to expand their network coverage and/or capacity by efficiently managing their spectrum using a network of small cell. Small cells are low-powered radio access nodes that operate in licensed and unlicensed spectrum that have a range of 10 meters to 1 or 2 kilometers. The company currently is focused on providing a turnkey installation of small cell indoors and outdoors targeting the top 50 markets in the United States.

The company, headquartered in Denver CO, was registered this year. Revenues were not disclosed.
The executive team includes Mike Miller.
The board of directors includes Dan O’brien, Kevin T Reidy and Patrick Mccamley.

The company has raised an estimated total of $1 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: JumpLinc
Industry: Telecommunications
Amount offered: $500,000
Amount placed: $500,000
First sale: 03-06-2014
Data as of: 05-20-2014

Investors buy $30* million worth of NetBrain Technologies’ equity


netbrainNetBrain Technologies disclosed placing 75% of its $40 million non-brokered equity. Based on the filing, four investors started to subscribe to the $30 million first close a little over a week ago. Based on the offering’s structure, the company has until April 2015 to raise an extra $10 million. It appears to be the first time the company is filling a security offering under a registration exemption. Summit Partners announced the growth investment on April 8th and the company on April 11th, however none of the press releases mentioned the investment size.

The company designed and markets an automation solution for networking professionals. The product focuses on simplifying and reducing the efforts associated with designing, documenting and troubleshooting complex networks by employing a map as underlying tool. The map-based automation technology is designed to empower professionals with improved information to make better decisions about their networks.

The company, headquartered in Burlington MA, is led by Lingping Gao (President). NetBrain Technologies elected to keep its revenues undisclosed.

The executive team includes Weilie Ma.
The board of directors includes Lizuo Jin and Peter Knudson.

Offering recap
Status: First close
Company: NetBrain Technologies
Industry: Other Technology
Amount offered: $40 million
Amount placed: $30 million
First sale: 04-07-2014
Data as of: 04-14-2014

*Somewhat outside Random Research’s sweet spot but the investment amount hasn’t been broadcasted yet.

JumpLinc, a turnkey offloading solution provider, files details on its $500,000 financing


jumplincJumpLinc raised $500,000 from three financial backers a couple of months ago according to information disclosed by the company. The non-brokered equity offering was fully subscribed. No offering was previously initiated by the company under a registration exemption with the SEC.

The company offers fixed and mobile communication network operators a solution to expand their network coverage and/or capacity by efficiently managing their spectrum using a network of small cell. Small cells are low-powered radio access nodes that operate in licensed and unlicensed spectrum that have a range of 10 meters to 1 or 2 kilometers. JumpLinc currently is focused on providing a turnkey installation of small cell indoors and outdoors targeting the top 50 markets in the United States.

The company, headquartered in Denver CO, was registered this year. Revenues were not disclosed.

The executive team includes Mike Miller (CEO).
The board of directors includes Kevin T Reidy and Patrick McCamley.

Offering recap
Status: Completed
Company: JumpLinc
Industry: Other Technology
Amount offered: $500,000
Amount placed: $500,000
First sale: 01-31-2014
Data as of: 04-14-2014

$5 million financing final close reported by We Heart It


WHIThough outside Random Research coverage sweet spot, a transaction well worth broadcasting as it doesn’t seem to have been publicized and no one connected the dots yet. A $5 million unregistered debt financing by WHI (DBA We Heart It) successfully drew to a close. The non-brokered investment round was placed with one investor on March 17th. A total of five unregistered securities offerings closed by the company raised an estimated $14 million. This financing may be related to the $8 million fundraising milestone reached during the summer by the company. While the media reported the company raised $8 million then, Random Research believes the company had raised over $8 million up to then.

WHI is an image-based social network designed to help users easily share their favorite images from popular media, retail sites and image-based applications. The platform had as of December 2013 25 million monthly users and was adding one million new members per month, over 70% of whom are mobile users. The mobile application is available for iOS and Android. The company includes among its partners Condé Nast brands Lucky and Teen Vogue as well as Wattpad, BeFunky, and Popbasic.

The company’s headquarters are located in San Francisco CA. WHI kept its revenues undisclosed.
The executive team includes Dan Hart and Ranah Edelin.
The board of directors includes Alexander Rosen, Crystal Hutter, Neil Berkman and Steven Felsher.

The company has raised an estimated total of $19 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: WHI
Industry: Other Technology
Amount offered: $5 million
Amount placed: $5 million
First sale: 03-17-2014
Data as of: 04-02-2014

$500,000 raised by Groupology as part of its mezzanine investment round


lifestreams technologiesGroupology (AKA Lifestreams Technologies Corp.) disclosed selling 25% of its non-brokered mezzanine financing. The company launched a $2 million investment round subscribed so far by seven investors. The subscription which raised $500,000 started two days ago. The offering will remain open until March 2015 while an additional $1.5 million worth of securities is sold to investors. The mezzanine offering’s estimated net proceeds will amount to $1.44 million which excludes $560,000 to be paid toward officers’ salaries. Unregistered securities don’t appear to have been previously sold by the company.

The company developed a mobile application (app) for college students to create “by-invitation” only private groups where members can exchange messages and chats, post events, documents, media, and to-dos lists almost instantly. Everything posted to the stream is seen by all members as a timeline with a past and a future, creating a narrative of group experience even as members change over time. The app is available for iOS.

The company, headquartered in New Haven CT, was registered in 2013. Revenues were not reported.
The executive team includes Daniel Gelernter and Piotr Prosol.
The board of directors includes David Gelernter, Eric Freeman, Jeffrey Samberg, Michael Satow and Trevor Hines.

Offering recap
Status: First close
Company: Lifestreams Technologies
Industry: Computers
Amount offered: $2 million
Amount placed: $500,000
First sale: 03-31-2014
Data as of: 04-01-2014

Subscription launched one month ago for serendipity social network Intermingl Co.’s $1 million financing round


interminglAfter launching a $1 million convertible promissory note investment round, Intermingl Co. started to receive one month ago commitments amounting to $95,000 from two investors. So far the company raised 10% of its non-brokered security offering according to the data disclosed. An additional $905,000 in funding is to be raised until the offering draws to a close in February 2015. No offering was previously initiated by the company under a registration exemption with the SEC.

The company is developing a professional networking platform targeted at events (and endorsed by event organizers) and provides tools to build relationships with, and remember the interesting people within the event, long after the event itself is over. The platform leverages Facebook, LinkedIn or Twitter and automatically imports profiles. A comparison analysis is available on the company’s blog. Random Research covered offerings initiated by HereOnBiz and Anomo.

The company, headquartered in Wilton CT, was registered in 2014 and is lead by Oji Udezue. No revenues were reported by the company.
The board of directors includes Ezinne Udezue.

Offering recap
Status: First close
Company: Intermingl Co.
Industry: Other Technology
Amount offered: $1 million
Amount placed: $95,000
First sale: 02-27-2014
Data as of: 03-24-2014

$500,000 unregistered debt financing and first close reported by CirrusWorks


cirrusworksCirrusWorks disclosed hitting the market to raise $500,000 via debt issuance. $75,000 has already been subscribed by one financial backer. The non-brokered placement started on February 24th. An additional $425,000 in funding is to be raised until the offering draws to a close in February 2015. This is the first debt financing done by the company under a registration exemption.

CirrusWorks is a hardware and software company marketing its network management solution. It is designed to allow IT personnel to classify users, apply session rules and dynamically allocate network bandwidth based on users and needs. The company offers two products. The plug-and-play Governor series is for data congestion control and wide area network (WAN) optimization. The Edge series is a next generation cloud-managed network access control and user policy enforcement tool.

The company, headquartered in Washington DC, is led by David Giannini (Founder and CEO). Cirrusworks kept its revenues undisclosed.
The executive team includes Michael Lovett (Founder and President).
The board of directors includes Bradley C Harrison and John Lapides.

Offering recap
Status: First close
Company: CirrusWorks
Industry: Other Technology
Amount offered: $500,000
Amount placed: $75,000
First sale: 02-24-2014
Data as of: 03-10-2014