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First close initiated by FundPaaS after raising 10% of its $500,000 target
XDATA - February 28th 2017
One investor bought $50,000 worth of mezzanine securities from FundPaaS on February 14th. According to the data disclosed, the company expects to raise a total of $500,000 via this brokered financing. An additional $450,000 in funding is to be raised until the offering draws to a close in February 2018. The private placement, excluding $12,000 to be paid toward officers' salaries and $5,000 to be paid in placement fees, will bring in expected net proceeds of $483,000. Two previous unregistered financing rounds raised an estimated $2.09 million.
FundPaaS markets and develops a funding platform as a service designed to help businesses and other entity raise loans for projects by turning their customers into investors.
Brian Castro (CEO) leads the San Francisco CA based company which was registered in 2015. FundPaaS disclosed having revenues on or below $1 million.
The executive team includes Amilcar Chavarria and James Zucker.

The company has raised an estimated total of $2.14 million via private unregistered security offerings.
Offering recap
Status: First close
Company: FundPaaS
Industry: Other Technology
Amount offered: $500,000
Amount placed: $50,000
SEC filing: Source
First sale: 02-14-2017
Data as of: 02-28-2017
Similar transactions 2015 Map: Platform Category
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Change: offered +50% / raised +186% / placed 100%
2017-10-04 Roofstock reports the successful completion of its equity issuance
2017-06-12 $2 million equity private placement is initiated by DreamFunded Real Estate
2017-04-27 BaseVenture revised its offering cap upward to $2.5 million and received $1.87 million in commitments
Change: offered +25% / raised +100% / placed 75%
2016-11-21 New $10 million debt offering launched by SureFunding
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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