Tagged: social

Connect Software reported the completion of a $10.33 million financing round


connect software$10.33 million was raised by Connect Software following the successful placement and issuance of its unregistered equity securities. A total of fifty-two investors participated to the non-brokered placement which started last Thursday. Until this disclosure Connect Software had raised an estimated $5 million in unregistered securities via one previous financing round.

Connect Software markets and develops a personal relationship management application (app). The smartphone and web app help users centralize and re-connect with friends and contacts gathered from phone and social networks including Twitter, Facebook, Foursquare, Instagram, LinkedIn and Google. The app shows on a map where contacts have checked in or posted something. The app can be used to send notifications to nearby connections or identify friends or contacts in a given city. The service is available for iOS and on the web.

Ryan Allis (President) leads the San Francisco CA based company which was registered in 2013. No revenues were reported by the company.
The executive team includes Anima Sarah Lavoy.
The board of directors includes Zhoujia Bao.

The company has raised an estimated total of $15.33 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Connect Software
Industry: Other Technology
Amount offered: $10.33 million
Amount placed: $10.33 million
First sale: 10-23-2014
Data as of: 10-28-2014

For more information visit www.XDATA.co

Entelo files details on its $4.93 million financing


XDATA – September 18th 2014

entelo Entelo raised $4.93 million from three financial backers on September 4th 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 disclosed via press release raising $3.5 million in June 2013, however no documents were filed with the SEC related to this transaction.

Entelo markets and develops a recruiting platform that leverages big data, predictive analytics and social signals to help recruiting organizations find, qualify and engage with in-demand talent. The company’s Entelo Search gives unprecedented access to profiles of over 25 million candidates, each filled with data from social sites such as Github, Dribbble, Quora, Twitter, and more. On the predictive side Entelo Sonar is design to find candidates that are ready to change jobs. Financial backers include Battery Ventures and Menlo Ventures.

The company, headquartered in San Francisco CA, is led by Jonathan Bischke (President). Entelo elected to keep its revenues undisclosed.
The board of directors includes Roger Lee.

Offering recap
Status: Completed
Company: Entelo
Industry: Other Technology
Amount offered: $4.93 million
Amount placed: $4.93 million
First sale: 09-04-2014
Data as of: 09-18-2014


For more information visit www.XDATA.co

Zignal Labs revised its offering cap upward to $13.74 million and received $10.7million in commitments


Change: offered +34% / raised +48% / placed 78%

XDATA – September 8th 2014

zignal labs Zignal Labs upped its financing to $13.74 million from $10.24 million after receiving new commitments. An additional $3.47 million worth of securities was placed by the company with thirteen investors since the company last released data a few months ago. This brings to $10.7 million the amount raised from the nineteen backers who subscribed to the offering. The subscription is structured to close once the 22% left is fully subscribed or next May at the latest. Up to now Zignal Labs had raised an estimated $4.8 million in unregistered securities via one financing round. An undisclosed portion of the offering is related to the conversion of debt into equity.

Zignal Labs develops and markets a big data social and digital media analytic and monitoring platform. The company captures real-time online conversations and filter them into relevant issue categories, making it easy to quickly identify key trending stories.

The company, headquartered in San Francisco CA, is led by Adam Beaugh (CEO). Zignal Labs elected to keep its revenues undisclosed.
The executive team includes James Hornthal and Joshua Ginsberg.
The board of directors includes Andrew Ballard and Mitchell Cohen.

The company has raised an estimated total of $15.5 million via private unregistered security offerings.

Offering recap
Status: Intermediary close
Company: Zignal Labs
Industry: Other Technology
Amount offered: $13.74 million
Amount placed: $10.7 million
First sale: 05-20-2014
Data as of: 09-08-2014

For more information visit www.XDATA.co

Canopy placed its mezzanine financing in full


canopyA $150,000 unregistered mezzanine financing by Canopy successfully closed. The non-brokered financing round was subscribed by one investor on July 23rd. One prior placement was closed under regulation D by the company and raised an estimated $3 million.

The company is a social storefront that curates beautiful items available on Amazon.com. The website offers an aesthetically pleasing look while making items more sociable and easier to share.

Jeffrey R Gatesmith (CEO) leads the Minneapolis MN based company which was registered in 2012. Canopy kept its revenues undisclosed.
The executive team includes Jeffrey Gatesmith and Mark Litecky.
The board of directors includes Gary Lee, Jordan Greenberg and Wayne W Mills.

The company has raised an estimated total of $3.15 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Canopy
Industry: Other Technology
Amount offered: $150,000
Amount placed: $150,000
First sale: 07-23-2014
Data as of: 08-07-2014

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

Late filer Cannonball Projects disclosed reaching its $650,000 fundraising target


cannonball projectsAccording to information filed with the SEC, two investors participated a few months ago to late filer Cannonball Projects‘s equity fundraising. The non-brokered private placement was fully subscribed and raised $650,000. Two previous unregistered financing rounds raised an estimated $35,000.

Cannonball Projects develops and markets a mobile phone visualization application (app) that organizes social media content in a calendar format.

The company is headquartered in New York NY. Cannonball Projects elected to keep its revenues undisclosed.
The executive team includes Gordon Ebanks and Ryan Matthew Gyure.

The company has raised an estimated total of $685,000 via private unregistered security offerings.

Offering recap
Status: Completed
Company: Cannonball Projects
Industry: Other Technology
Amount offered: $650,000
Amount placed: $650,000
First sale: 02-07-2014
Data as of: 06-02-2014

Modern Mast’s offering lures fifteen backers


modern mastSo far fifteen investors participated to Modern Mast‘s $1.15 million non-brokered financing round. Financial backers bought, on May 1st, 90% of the offering or $1.04 million worth of equity. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC. The company is backed by Vaizra Investments, Advancit Capital, BOLDstart Ventures, Social Starts, and Iowa City Capital Partners.

The company’s goal is to help brands better understand, connect and track their relationships with their social media followers and fans. The company developed SocialRank, a cloud-based freemium tool for brands who want to understand, manage, engage, reward, and track the people who follow them via twitter. The premium version costs $25 per month and offers brands daily and weekly reports as well as information on their top 100 followers. The company also offers custom reports.

Modern Mast, registered in 2014, is headquartered in New York NY. It is led by Alexander Taub (CEO). Revenues were not disclosed.

The executive team includes Michael Schonfeld.

Offering recap
Status: First close
Company: Modern Mast
Industry: Other Technology
Amount offered: $1.15 million
Amount placed: $1.04 million
First sale: 05-01-2014
Data as of: 05-15-2014

Firefly launched a $500,000 mezzanine financing


fireflyWorldwide Networks (DBA Firefly) is in the market with a $500,000 non-brokered mezzanine placement. The placement, which hasn’t started to sell, is structured to close in May 2015 or once the placement is fully subscribed. The mezzanine offering’s estimated net proceeds will amount to $440,000 which excludes $60,000 to be paid toward officers’ salaries. This is the first time the company is filling a security offering under a registration exemption with the SEC.

The company developed and will launch an online dating platform that unlike its counterparts is focusing on introducing a small number of singles to one another. The social platform targets friends of friends, in other words singles that have a friend in common.

Clayton Spencer (CEO) leads the New York NY based company which was registered in 2013. Worldwide Networks kept its revenues undisclosed.

The executive team includes Jonathan Kieliszak.

Offering recap
Status: Launched
Company: Worldwide Networks
Industry: Other Technology
Amount offered: $500,000
Data as of: 05-02-2014

First close filed by social network Meddle after raising 69%


meddleMeddle initiated a first close after placing $345,000 with twelve investors. The company’s $500,000 non-brokered equity financing started to sell almost two weeks ago. $155,000 in additional funding can be raised before March 2015 based on the placement’s structure. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.

The company designed and manages a social network for individuals and organizations to showcase their insights and build their “brands”. The social platform is built as a content marketing tool for professionals to create engaging and insightful content for their social networks.

Meddle, registered in 2014, is headquartered in Atlantic Highlands NJ. It is led by Vidar Brekke (CEO and President). Revenues were not disclosed.
The executive team includes Balaram Kommireddi.
The board of directors includes Gregg Young.

Offering recap
Status: First close
Company: Meddle
Industry: Other Technology
Amount offered: $500,000
Amount placed: $345,000
First sale: 03-27-2014
Data as of: 04-09-2014