Tagged: trading

Xambala launched a $24.24 million offering and placed 81%


xambalaAccording to a document filed by Xambala with the SEC, the company launched a $24.24 million non-brokered equity offering. So far Xambala sold 81% or $19.6 million worth of new unregistered securities to ten backers. The subscription started a couple of months ago. Based on the offering’s structure, the company has until August 2015 to raise an extra $4.64 million. A total of eight unregistered securities offerings closed by the company raised an estimated $56.19 million.

Xambala develops and markets high-throughput, low-latency, message stream processing subsytem for trading in the financial marketplace. The technology enables rapid price discovery which paired with a significant trading volume, enhances the liquidity of financial markets by making them more efficient, according to the company.

The company is headquartered in Sunnyvale CA. Xambala elected to keep its revenues undisclosed.
The executive team includes Daniel Trepanier.

In a concurrent filing, Xambala disclosed having raised $5 million in a fully subscribed offering.
The company has raised an estimated total of $80.79 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Xambala
Industry: Other Technology
Amount offered: $24.24 million
Amount placed: $19.6 million
First sale: 08-28-2014
Data as of: 10-21-2014


For more information visit www.XDATA.co

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Bitreserve decreased its placement’s target by 20% and closed its subscription


Change: offered -20% / raised +142% / placed 100%

bitreserveWith the demise of Mt. Gox, it is interesting to see some activity in the bitcoin* trading platform arena. Also this substantial financing was not reported by traditional media, and the subsequent amendment make it even more interesting as it shows there’s still money flowing into bitcoin-based trading platforms. Bitreserve‘s private placement of unregistered equity was lowered by 20% to $4 million. The company reported in its last filing, a couple of months ago, a $5 million placement. The offer closed after the company raised $2.35 million from nine additional investors within a couple of months. At closing, a total of seventeen investors had subscribed to Bitreserve’s offering. The offering’s expected net proceeds amount to $3.68 million, excluding $325,000 earmarked for the payment of officers’ salaries. This was the first offering under regulation D filed by Bitreserve.
Since the company is a foreign entity, the amount offered reported to the SEC represents the portion of the placement allocated to US investors.

The stealth company is developing a bitcoin-based exchange platform according to information disclosed with its trademark registration. It seems the goal of the platform, is to offer a low volatility trading environment.

Timothy Parsa (CEO) leads the San Francisco CA based company which was registered in 2013 in the Cayman Islands. Bitreserve elected to keep its revenues undisclosed.

The executive team includes Juan Pablo Thieriot
The board of directors includes Halsey McClean Minor and Laura Childress.

Offering recap
Status: Completed
Company: Bitreserve
Industry: Other
Amount offered: $4 million
Amount placed: $4 million
First sale: 02-12-2014
Data as of: 05-07-2014

*The financing is outside Random Research sweet spot however it is worth reporting bitcoin related services financing with all the challenges the virtual currency has been facing lately.

Master The Gap files for first close after raising 73%


master the gapMaster The Gap‘s first close reached $725,000. The company’s $1 million non-brokered equity issue was 73% sold to thirteen investors. The first commitments were received on April 9th. Based on the offering’s structure, the company has until April 2015 to raise an extra $275,000. The company is filing for the first time a security registration exemption with the SEC.

The company offers courses and coaching as well as software for securities trading. The trading methodology focuses on chart-based gap trading strategies. Gap trading is a simple and disciplined approach to buying and shorting stocks. Essentially one finds stocks that have a price gap from the previous close and watches the first hour of trading to identify the trading range. Rising above that range signals a buy, and falling below it signals a short.

The company, headquartered in Morrisville NC, is led by M Scott Andrews (President). Master The Gap elected to keep its revenues undisclosed.

Offering recap
Status: First close
Company: Master The Gap
Industry: Other Technology
Amount offered: $1 million
Amount placed: $725,000
First sale: 04-09-2014
Data as of: 04-23-2014

Bitcoin exchange, Coinsetter, reached the $775,000 mark raised via its mezzanine financing


Change: offered +0% / raised +52% / placed 52%

coinsetterCoinsetter disclosed having increased subscription by 52% on its $1.5 million mezzanine financing. An additional $265,000 worth of securities was placed by the company with six investors since the company last released data a little over a month ago. This brings to $775,000 the amount raised from the nineteen backers who subscribed to the offering. The subscription will close either once the offering is sold in full or next December, whichever one comes first. The company is backed by Tribeca Venture Partners a seed and early stage investor focusing on digital media, e-commerce, fintech, education, adtech, mobile apps, software and services.

The company developed and markets a Bitcoin trading platform with a focus on transparency and security. The trading platform aggregates prices from multiple exchanges in its order book and offers derivatives trading.

Jaron Lukasiewicz (President and CEO) leads the New York NY based company which was registered in 2013. Coinsetter kept its revenues undisclosed.
The executive team includes Marshall Swatt.
The board of directors includes Jonathan Holske.

Offering recap
Status: Intermediary close
Company: Coinsetter
Industry: Other Technology
Amount offered: $1.5 million
Amount placed: $775,000
First sale: 12-13-2013
Data as of: 03-27-2014