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SkyWard IO filed for first close after raising 89% of its financing round
XDATA - June 3rd 2016
$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 $2.68 million security offering. Based on the offering's structure, the company has until May 2017 to raise an extra $297,000. The company closed three previous unregistered private placements which raised an estimated $5.67 million.
SkyWard IO markets and develops a line of software for unmanned aerial vehicle operators. Software include a digital logbook to store required records such as license, insurance, flight path etc...and easily generate reports. Operation management tools to ensure compliant operation–from procedures, checklists and maps to flight dispatch, tracking, and logging. And fleet and personnel management.
The company, headquartered in Portland OR, is led by Jonathan Evans (President and CEO). SkyWard IO kept its revenues undisclosed.
The executive team includes Marcos Osorno and Mariah Scott.
The board of directors includes Erik Benson.

The company has raised an estimated total of $8.05 million via private unregistered security offerings.
Offering recap
Status: First close
Company: SkyWard IO
Industry: Other Technology
Amount offered: $2.68 million
Amount placed: $2.38 million
SEC filing: Source
First sale: 05-25-2016
Data as of: 06-03-2016
Similar transactions 2015 Map: Software Category
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2017-12-22 EmpowerMX raised $1.08 million at first close almost two weeks ago
2015-08-18 AircraftLogs disclosed $179,000 first close
2015-07-22 $200 million financing final close reported by CAMP Investors II
2015-06-18 Late filer TechPubs files $3.37 million final close
Largest Transactions by Amount Raised : Compliance, Asset Management, Document Management Systems Products
 Entity NameOffer Date $ SoughtDelta $ Sought$ RaisedSecurity OfferedIndustryFiling Type/
SEC Source
 DocuSign2015-04-30310,000,000310,000,000233,099,867OtherOther Technologyoriginal
 NAVEX Topco2014-11-20213,945,104213,945,104213,945,104EquityOtheroriginal
 Rivers 2012 Holdings II2015-07-17200,000,000200,000,000200,000,000DebtOtheroriginal
 Accela2015-02-13183,500,000183,500,000183,500,000EquityOther Technologyoriginal
 Victory Capital Management2014-10-31164,897,972164,897,972164,897,972EquityOtheroriginal
All dollar amounts are derived from filings lodged with the SEC by the company under current and previous names.
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