Tagged: unmanned aerial vehicle

SkyWard IO lands $2.38 million mezzanine round


“$2.38 million worth of mezzanine securities started to be placed by SkyWard IO a little over a week ago. Based on the information disclosed, a total of sixteen investors bought 89% of the…”

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UVify disclosed issuing $4 million worth of equity


For more information visit www.XDATA.co
XDATA – January 29th 2016
UVify reported closing its $4 million private placement today. All the unregistered equity securities issued were acquired by one investor. No offering was previously initiated by the company under a registration exemption with the SEC.
UVify develops 3D recognition technology that enables drone to fly without GPS. The company is backed by KCube ventures.
The company was registered in 2015 and has its headquarters located in San Jose CA. No revenues were reported by the company.
The executive team includes Hyon Lim.
Offering recap
Status: Completed
Company: UVify
Industry: Other Technology
Amount offered: $4 million
Amount placed: $4 million
SEC filing: Source
First sale: 01-29-2016
Data as of: 01-29-2016

Subscriptions to Prioria Robotics’ mezzanine issue increased


Change: offered +0% / raised +14% / placed 76%

XDATA – August 21st 2014

prioria  Prioria Robotics reported in a document filed with the SEC that its $2.67 million mezzanine offering is 76% subscribed as of August 21st 2014. Prior investors ponied up an additional $250,000. They had previously subscribed to $1.78 million in securities according to another filing disclosed in April 2013. So far, seven backers committed $2.03 million to Prioria Robotics‘ offering. The offering is most likely closed, based on the structure it was scheduled to close on November 21st 2013. The company closed three unregistered private placements which raised an estimated $9.1 million.

The company is a developer of small unmanned aerial vehicle (UAV) systems and related technologies, most notably the Maveric, a breakthrough composite carbon fiber UAV.

The company, led by Bryan Da Frota, is headquartered in Gainesville FL. Prioria Robotics kept its revenues undisclosed.
The executive team includes Jason Grzywna.
The board of directors includes Karl O Elderkin, Matthew Freedman, Michael Hewitt, Richard Molloy, Scott Murphy and Scott Zajac.

The company has raised an estimated total of $11.13 million via private unregistered security offerings.

Offering recap
Status: Intermediary close
Company: Prioria Robotics
Industry: Other Technology
Amount offered: $2.67 million
Amount placed: $2.03 million
First sale: 11-21-2012
Data as of: 08-21-2014

For more information visit www.XDATA.co

Unmanned aerial vehicle maker announces first close on its $800,000 mezzanine offering


SkySpecs LLC successfully placed 38% of its $800,000 non-brokered mezzanine offering with eight investors as part of a funding agreement signed last month. The company expects to raise an additional $495,000 to close the offering within a year. This is the first known offering initiated by the company on the US private placement market. The mezzanine offering’s expected net proceeds will amount to $772,000 which excludes $28,000 to be paid toward officers’ salaries.

The company builds remote controlled aircrafts specifically designed for infrastructure monitoring and aerial data collection. The aerial devices can capture footage in hard-to-reach places such as sewers or below bridges, making monitoring and maintenance easier and less costly. The company is the recipient of a $10,000 Invenergy Renewable Energy prize.

The company, headquartered in Ann Harbor MI, was founded in 2012 and is led by Daniel Ellis (Founder and CEO).
The executive team includes Thomas “Tom” Brady (Founder and CFO), Samuel DeBruin (Founder and COO), Ryan Morton (CTO) and Patrick Senatore (Engineering Programs Director).

Offering recap:
Status: First close
Company: SkySpecs LLC
Industry: Other Technology
Amount offered: $800,000
Amount placed: $305,000