A $11.15 million unregistered equity financing by Forward Networks successfully drew to a close. The non-brokered investment round was placed among nine investors. The subscription started one month ago. This is not the first time the company files unregistered securities with the SEC according to a concurrent filing.
David Erickson (CEO) leads the Los Altos CA based company which was registered in 2013. Forward Networks elected to keep its revenues undisclosed.
The executive team includes Brandon Heller.
The board of directors includes L William Krause.
Forward Networks apparently reported having raised $825,000 in a concurrent filing. The offering capped at $825,000.
The company has raised an estimated total of $11.97 million via private unregistered security offerings.
Company: Forward Networks
Industry: Other Technology
Amount offered: $11.15 million
Amount placed: $11.15 million
First sale: 10-17-2014
Data as of: 11-25-2014
After 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.
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
Hereonbiz, Inc. successfully completed its $360,000 offering of convertible promissory notes. The non-brokered placement was initiated more than three months ago. This is the first known offering initiated by the company on the US private placement market.
The company developed a mobile application (app) for iOS that focuses on empowering business professionals to see other professionals around them, make connections, chat, and meet on the spot.
A similar social discovery app named Anomo was in the market in late June and raised $305,000. While Anamo’s primary market is dating, that app can be used to make business connections as well. The app garnered an estimated $800,000 in financing.
The company, headquartered in Calabasas CA, was registered in 2012. No revenues were reported for the latest fiscal year. The executive team includes Nicholas “Nick” Smoot (Founder, Marketing), Allen Hartwig ( Founder, Product CTO) and Dom Vonarburg (Founder, Infrastructure CTO).
Status: Completed/Final close
Company: Hereonbiz, Inc.
Amount offered: $360,000
Amount placed: $360,000