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GeoOptics unveils details on its $7 million unregistered offering
XDATA - February 18th 2015
After ninety-five financial backers subscribed to 64% of its equity financing round, GeoOptics disclosed initiating a first close after raising $4.5 million. The subscription to the $7 million non-brokered private placement started one month ago according to information filed with the SEC. $2.5 million in additional funding can be raised before January 2016 based on the placement's structure. The company closed four previous unregistered private placements which raised an estimated $16 million.
The company is gathering environmental data from sensors deployed on a constellation of small satellites in low Earth orbit. The environmental data will deliver a wealth information about our changing planet to users in near real time with a focus on operational daily weather forecasting and long-term environmental monitoring and research.
The company, led by Thomas P Yunck, is headquartered in Pasadena CA. GeoOptics elected to keep its revenues undisclosed.
The executive team includes Conrad C Lautenbacher, Jon Kirchner and Russell H Packer.
The board of directors includes Glenn S Schafer, Marco Villa and Wesley K Clark.

The company has raised an estimated total of $20.5 million via private unregistered security offerings.
Offering recap
Status: First close
Company: GeoOptics
Industry: Other Technology
Amount offered: $7 million
Amount placed: $4.5 million
SEC filing: Source
First sale: 01-20-2015
Data as of: 02-18-2015
Similar transactions 2015 Map: Data provider, Robotics Category
2017-06-26 $23.35 million raised so far by Satellogic via private placement
2016-07-12 Liquid Robotics raised $105,000 via warrant offer
2016-03-01 Autonomous Marine Systems files for first close after selling 88%
2015-08-14 $800,000 unregistered debt financing and first close reported by Coastal Risk Consulting
2015-07-10 New investors commit to Planet Labs' financing, cap was revised upward
Change: offered +33% / raised +14% / placed 80%
Largest Transactions by Amount Raised : Unmanned vehicle, Inspection survey, Weather Products
 Entity NameOffer Date $ SoughtDelta $ Sought$ RaisedSecurity OfferedIndustryFiling Type/
SEC Source
 SpaceX2015-01-201,000,000,0001,000,000,000999,999,925EquityOther Technologyoriginal
 OneWeb2015-06-24591,000,000591,000,000491,000,000MezzanineTelecommunicationsoriginal
 SpaceX2017-07-26351,000,000351,000,000349,999,920EquityOther Technologyoriginal
 Zoox2016-05-23200,000,000200,000,000103,050,301EquityOther Technologyoriginal
 Lucid Holdings2017-03-2759,999,98959,999,98959,999,989EquityOther Technologyoriginal
All dollar amounts are derived from filings lodged with the SEC by the company under current and previous names.
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