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SeedInvest launched a $7.5 million offering and placed 68%
XDATA - June 1st 2016
According to a document filed by SeedInvest with the SEC, the company launched a $7.5 million non-brokered equity offering. So far SeedInvest sold 68% or $5.13 million worth of new unregistered securities to nine backers. The subscription started on May 18th. $2.38 million in additional funding can be raised before May 2017 based on the placement's structure. The equity offering's expected net proceeds will amount to $7.15 million which excludes $350,000 to be paid toward officers' salaries. Two previous unregistered financing rounds raised an estimated $6 million.
SeedInvest develops an equity crowdfunding platform that opens up access to venture capital and angel investing to everyone. Investors include Scout Ventures, Great Oaks Venture Capital, Avenue A Ventures, Archer Gray and Krillion Ventures.
The company, headquartered in New York NY, is led by Ryan Feit (CEO). SeedInvest elected to keep its revenues undisclosed.
The executive team includes James Han.
The board of directors includes Bradley Harrison.

The company has raised an estimated total of $11.13 million via private unregistered security offerings.
Offering recap
Status: First close
Company: SeedInvest
Industry: Other Technology
Amount offered: $7.5 million
Amount placed: $5.13 million
SEC filing: Source
First sale: 05-18-2016
Data as of: 06-01-2016
Similar transactions 2015 Map: Platform Category
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2018-01-11 GROUNDFLOOR re-opened its offering to place $550,000 more
Change: offered +37% / raised +37% / placed 100%
2017-11-02 CleanCapital's financing garnered an additional $1.32 million
Change: offered +0% / raised +54% / placed 94%
2017-10-20 P2Binvestor filed for first close after raising 85% of its financing round
2017-10-04 Roofstock reports the successful completion of its equity issuance
Largest Transactions by Amount Raised : Capital $, Marketplace Products
 Entity NameOffer Date $ SoughtDelta $ Sought$ RaisedSecurity OfferedIndustryFiling Type/
SEC Source
 Airbnb2015-07-141,499,937,9041,499,937,9041,499,937,904EquityOther Technologyoriginal
 Teays River Investments2015-07-011,175,000,0001,175,000,0001,175,000,000OtherAgricultureoriginal
 SoFi2015-09-251,000,000,0001,000,000,0001,000,000,000OtherOther Banking and Financial Servicesoriginal
 Airbnb2016-07-28555,462,180555,462,180555,462,180EquityOther Technologyoriginal
 Navitas Midstream Partners2014-05-23500,000,000500,000,000500,000,000EquityOil and Gasoriginal
All dollar amounts are derived from filings lodged with the SEC by the company under current and previous names.
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