East
Equinox Holding Inc. of New York raised $10 million from eight accredited investors through a private placement of common stock. The operator of health and fitness clubs and spas intends to use the proceeds from the offering for working capital. For more information, call Kenneth Fleischer, chief financial officer, at 212-677-0180.
Invisible Hand Networks Inc. of New York has filed to raise $600,000 through a private placement of secured convertible promissory notes. At the time of its SEC filing, the company had already raised $240,000 from five accredited investors. The company, engaged in the business related to software and network technology, intends to use the proceeds from the offering for working capital. For more information, call Nemo Semret, president, at 646-443-9448.
Cuesol Inc. of Quincy, Mass., raised $1 million from one accredited investor through a private placement of common stock. The provider of the advanced technological multi-channel, loyalty-based shopping solutions intends to use the proceeds from the offering for working capital, acquisitions and repayment of debt. For more information, call Mark Jacob, president and chief executive officer, at 617-826-3200.
Deploy Solutions Inc. of Westwood, Mass., raised $2 million from one accredited investor through a Series D preferred stock round of financing. The software developer intends to use the proceeds from the offering for working capital. For more information, call Nicole Stata, president and chief executive officer, at 781-461-9024.
Psi Systems Inc. of Gaithersburg, Md., has filed to raise $1 million through a Series A convertible preferred stock round of financing. At the time of its SEC filing, the company had already raised $500,000 from one accredited investors. The technology company intends to use some proceeds from the offering for working capital. For more information, call Wrightly Reed, president, at 301-370-7006.
Tenable Network Security Inc. of Columbia, Md., has filed to raise $500,000 through a private placement of convertible notes. At the time of its SEC filing, the company had already raised $250,000 from three accredited investors. The developer of the network security software intends to use some proceeds from the offering for purchase, rental or leasing and installation of machinery and equipment, and working capital. For more information, call John Huffard, vice president, at 202-365-8760.
Gigamedia Access Corp. of Herndon, Va., raised $300,000 from two accredited investors in a Series B convertible preferred stock round of financing. A minimum investment of $150,000 was required on the placement. The software developer intends to use the proceeds from the offering for working capital. For more information, call James Davis, chief financial officer, at 703-467-3740.
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South
Advectis Inc. of Alpharetta, Ga., has filed to raise up to $1.2 million through a private offering of common stock. At the time of its SEC filing, the company had already raised $356,250 from four accredited investors. The software developer intends to use the proceeds from the offering for salaries, fees and working capital. For more information, call Greg Smith, president, at 678-566-4744.
AirNet Communications Corp. of Melbourne, Fla., has secured $6 million from two accredited investors through an offering of bridge notes. At the time of its SEC filing, the company had already raised $1.6 million; the remainder will be provided if agreed upon conditions are met. The company, engaged in wireless infrastructure industry, intends to use the proceeds from the offering for working capital. For more information, call Glenn Ehley, president and chief executive officer, at 800-984-1990.
Cornerstone SMR Inc. of Lauderdale Lakes, Fla., has filed to raise $5 million through a private placement of common stock. At the time of its SEC filing, the company had already raised $574,307 from 47 accredited and 12 non-accredited investors. A minimum investment of $5,000 is required on the placement. The company, engaged in management of wireless data and communications services, intends to use the proceeds from the offering for working capital and various corporate purposes. For more information, call Marcus Duff, president, at 954-714-7030.
IAC SecureTech Inc. of Houston has filed to raise $400,000 through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $100,000 from two accredited investors. The software developer intends to use he proceeds from the offering for working capital. For more information, contact Aaron Hughes, president and chief executive officer.
Troux Technologies Inc. of Austin, Texas, has filed to raise $7.3 million through a Series A preferred stock round of financing. At the time of its SEC filing, the company had already raised $3.5 million from three accredited investors, $1.3 million of the amount raised accounts for conversion and cancellation of certain subordinated promissory notes. The software developer intends to use the balance from the proceeds from the offering for working capital. For more information, call Gerald Weghorst, president, at 512-536-6274.
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Midwest
AssistGuide Inc. of Maryland Heights, Miss., has filed to raise $900,000 through a private offering of preferred stock instruments and purchase warrants. At the time of its SEC filing, the company had already raised $470,000 from four accredited investors. The company, engaged in Web design and Internet marketing of electronic resource guide for health care products, intends to use the proceeds from the offering for working capital. For more information, call Kevin Sypniewski, president, at 808-263-1110.
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West
eFinance Corp. of San Mateo, Calif., has filed to raise $1 million through a private placement of convertible promissory notes through a bridge round of financing. At the time of its SEC filing, the company had already raised $198,450 from six accredited investors. The developer of ASP model for credit evaluation intends to use the proceeds from the offering for working capital. For more information, call Karen Wendel, executive officer, at 650-581-2939.
ESS Environmental Inc. of Camarillo, Calif., has filed to raise $39 million through a private placement of common stock. At the time of its SEC filing, the company had already raised $70,000 from seven accredited investors. A minimum investment of $10,000 is required on the placement. The company, engaged in a business related to waste management, intends to use the proceeds from the offering for salaries, fees, purchase, rental or leasing and installation of machinery and equipment, and working capital. For more information, call David Feuerborn, chief executive officer, at 805-482-1901.
Enalasys Corp. of Calexico, Calif., has filed to raise $5 million through a private placement of common stock. At the time of its SEC filing, the company had already raised $328,910 from 17 accredited investors. A minimum investment of $5,000 is required on the placement. The company, which develops and manufacturers products for monitoring air quality and energy efficiency heating, ventilating and air-conditioning systems, intends to use the proceeds from the offering for salaries and fees, construction or leasing of plant buildings and facilities, research, development, sales and marketing expenses, working capital and other purposes. For more information, call James Eric Taylor, executive officer, at 760-768-3228.
Ensenda Inc. of San Francisco raised $750,000 from four accredited investors through a private placement of notes convertible into a Series B preferred stock in a bridge round of financing. The company, engaged in a business-to-business electronic commerce, intends to use the proceeds from the offering for working capital. For more information, call Robert Howard, executive officer, at 415-247-6700.
Garuda Networks Corp. of Fremont, Calif., has filed to raise $1.3 million through a private offering of a preferred stock through a bridge round of financing. At the time of its SEC filing, the company had already raised about $400,000 from three accredited investors. Additionally, the company has filed to issue preferred stock warrants, which will bring in up to $3.9 million if warrants are exercised. For more information, call Sanjay Gidwani, president and chief executive officer, at 510-770-0400.
ID Analytics Inc. of San Diego raised $5.2 million from 12 accredited investors through a Series A preferred stock round of financing. The developer of an analytical model for prevention of identity theft intends to use the proceeds from the offering for working capital. For more information, call Bruce Hansen, president and chief executive officer, at 858-427-2800.
Musambi Corp. of Menlo Park, Calif., raised $4.9 million from 11 accredited investors through a Series A preferred stock round of financing. The company, engaged in Internet application performance management, intends to use the proceeds from the offering for working capital. For more information, call Madhu Konety, executive officer, at 650- 559-0208.
New Vine Logistics Inc. of Oakland, Calif., raised $150,000 from two accredited through a private placement of a promissory notes, convertible into shares of securities to be issued in the companyis next round of equity financing. Additionally, the company issued warrants for an aggregate exercise price of $150,000 to purchase next round securities. The company, which develops logistical strategies for distribution of alcoholic beverages, intends to use the proceeds from the offering for working capital. For more information, call Deanna Leon, chief financial officer, at 510-763-4009.
Nove Technologies Inc. of El Segundo, Calif., raised $340,000 from 22 accredited investors through a Series A preferred stock round of financing. The superconducting technology company intends to use the proceeds from the offering for working capital. For more information, call Matthew Holcomb, president and chief executive officer, at 310-796-0715.
PacketHop Inc. of Menlo Park, Calif., raised $1 million from eight accredited investors through a Series A preferred stock round of financing. The developer of the ad-hoc mesh networking system intends to use the proceeds from the offering for working capital. For more information, call Michael Howse, president and chief executive officer, at 650-926-7781.
Reality Fusion Inc. of Santa Cruz, Calif., has filed to raise $14.8 million through a private placement of a Series B and B preferred stock round. At the time of its SEC filing, the company had already raised $8.9 million from 10 accredited investors. The company has also issued warrants for Series B investors to buy an additional 14 million of shares of a Series B stock upon the exercise of such warrants. A minimum investment of $20,283 is required on the placement. The software and telecommunications company intends to use the proceeds from the offering for debt repayment and working capital. For more information, call Paul Edelhertz, president and chief executive officer, at 831-420-0520.
Sohoware Inc. of Santa Clara, Calif., raised $1.4 million from 10 accredited investors through a Series B preferred stock round of financing. A minimum investment of $2,952 was required on the placement. The networking technology company intends to use the proceeds from the offering for working capital. For more information, call Chin- Tu Wu, president, at 408-565-9888.
Thinque Systems Corp. of Universal City, Calif., has filed to raise $6 million through a private offering of convertible preferred stock. At the time of its SEC filing, the company had already raised $3.3 million from three accredited investors. The developer of mobile and wireless software applications for field and sales source automation intends to use the proceeds from the offering for working capital. For more information, call George Bayz, president, at 818-752-1350.
QVIX Technologies Inc. of Berkeley, Calif., raised $583,000 from five accredited investors through a Series A preferred stock round of financing, $33,000 worth of stock of which was issued in an exchange for an executed exclusive licensing agreement. The developer of software applications for delivery of real-time video communication through any broadband IP-based connection intends to use the proceeds from the offering for working capital. For more information, call Bradley Treat, president and chief executive officer, at 510-665-2949.
VenPro Corp. of Irvine, Calif., raised $2.8 million from four accredited investors through a private placement of preferred stock. A minimum investment of $1,120 was required on the placement. The company, which focuses on the development of bioprosthetic implants for venous vascular and cardiovascular medicine, intends to use the proceeds from the offering for working capital. For more information, call Randall King Nelson, president and chief executive officer, at 949-788-0505.
Alpine Access Inc. of Golden, Colo., has filed to raise $522,048 through a private offering of convertible subordinated promissory notes. At the time of its SEC filing, the company had already raised $500,000 from six accredited investors. The company, engaged in a business related to customer service representative network, intends to use the proceeds from the offering for working capital. For more information, call James Ball, chief executive officer, at 303-279-0585.
Rentech Inc. of Denver has filed to raise $850,000 through a private placement of notes convertible into common stock. At the time of its SEC filing, the company had already raised $295,000 from four accredited investors. Nedliger, Tucker Bruner Inc. of Denver and J. P. Turner & Co. LLC are acting as the agents on the placement for $65,000 in sales commission. The provider of the gas-to-liquids technology and various services to the oil and gas industry intends to use the proceeds from the offering for the technology development and working capital. For more information, call Ronald Butz, vice president, at 303-298-8008.
The Insitu Group Inc. of Bingen, Wash., raised $4 million from 17 accredited investors through a Series B convertible preferred stock round of financing. A minimum investment of $25,000 was required on the placement. The company, which designs, manufacturers and sells miniature robotic aircrafts, intends to use the proceeds from the offering for working capital. For more information, call Steven Sliwa, chief executive officer, at 509-493-8600.
Hoana Medical Inc. of Honolulu has filed to raise $2 million through a private placement of preferred stock instruments and purchase warrants. At the time of its SEC filing, the company had already raised $1.5 million from 12 accredited investors. The company, which develops bio-sensory monitoring pads for hospital beds, intends to use the proceeds from the offering for working capital. For more information, call Patrick Sullivan, president, at 808-523-5410.
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