East
Internet Venture Works Inc. of Waltham, Mass., is raising $11.76 million through a private placement of Series B convertible preferred stock. At the time of its SEC filing, the company had already raised $4.05 million from two accredited investors. The e-commerce company intends to use the proceeds from the offering for working capital.
ONI Inc. of Andover, Mass., is raising approximately $5 million through a private placement of Series D preferred stock. There is no minimum investment required. At the time of its SEC filing, the company had already raised approximately $2.2 million from 10 accredited investors. The developer and marketer of dedicated purpose MRI Systems intends to use the proceeds from the offering for working capital.
The Pit.com Inc. of White Plains, N.Y., is raising $4.5 million through a private placement of Series A preferred stock. There is no minimum investment required. At the time of its SEC filling, the company had already raised $3.205 million from 50 investors. The operator of a Web site for trading collectibles intends to use the proceeds from the offering for working capital.
Lifetips.com Inc. of Boston is raising $1 million through a private placement of preferred stock. A minimum investment of $25,000 is required for the offering. At the time of its SEC filing, the company had already raised $150,000 from five accredited investors. The interactive Internet site offering the exchange of information on a wide variety of topics intends to use the proceeds from the offering primarily for working capital.
Nextcom Corp., of New York is raising $1 million through a private placement of preferred stock. At the time of its SEC filling, the company had already raised $250,000 from two accredited investors. The company that plans to display entertainment content via the Internet intends to use the proceeds from the offering for working capital.
Silicon Power Corp. of Exton, Pa., raised $10.5 million from four accredited investors through a private placement of Series C convertible preferred stock. A minimum investment of $500,000 was required. The designer, developer and manufacturer of power quality products that convert, condition and move electric power applications intends to use the proceeds from the offering for working capital and salaries and fees.
Netezza Corp. of Burlington, Mass., is raising approximately $8.5 million through a private placement of Series A convertible preferred stock.. There is no minimum investment required. At the time of its SEC filling, the company had already raised just over $8.4 million from 11 accredited investors. The company intends to use the proceeds from the offering for working capital.
TripleHop Technologies Inc. of New York raised $3.5 million from two accredited investors through a private placement of Series A preferred stock. There was no minimum investment required. The company intends to use the proceeds from the offering primarily for working capital, the purchase, rental or leasing and installation of machinery and equipment, construction or leasing of plant buildings and facilities.
Fibertech & Wireless Inc. of Morristown, N.J. raised $3.058 million from 60 accredited investors through a private placement of Series A common stock. A minimum investment of $100,000 was required. The manager of telecommunications and fiber optic technology companies intends to use the proceeds from the offering for working capital and the acquisition of other businesses.
Mobile Metrics Inc. of King of Prussia, Pa., raised approximately $2 million from 13 accredited investors through a private placement of Series A preferred stock and convertible securities. A minimum investment was not required from the offering. The provider of a platform for wireless e-commerce intends to use the proceeds for working capital.
Tango.com Inc. of Great Neck, NY raised $2.45 million from 10 accredited investors through a private placement of common stock. The provider of solutions and systems to the wireless Internet and data markets intends to use the proceeds from the offering for working capital.
Optronx Inc. of Allentown, Pa., raised $2 million from two accredited investors through a private placement of Series A preferred stock. The optic systems developer intends to use the proceeds from the offering for working capital.
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South
Whereoware.com Inc. of McLean, Va., is raising $6.75 million through a private placement of Series A preferred stock. At the time of its SEC filing, the company had already raised $3.48 million from seven accredited investors. The Internet portal intends to use the proceeds from the offering for working capital.
Online Insight Inc. of Atlanta is raising approximately $4.3 million through a private placement of Series B preferred stock and convertible securities. A minimum investment of $50,000 is required. At the time of its SEC filing, the company had already raised just over $150,000 from three accredited investors. The business formed to improve e-commerce by bridging the gap between information management and transaction fulfillment capabilities intends to use the proceeds from the offering for working capital.
Benefitfocus.com Inc. of Mt. Pleasant, S.C., is raising $3 million through a private placement of common stock. A minimum investment of $10,000 is required. The provider of benefits application services intends to use the proceeds from the offering for working capital, salaries and fees.
Globan Corp. of Houston is raising $2 million through a private placement of common stock. A minimum investment of $100,000 is required. At the time of its SEC filling, the company had already raised approximately $500,000 from one accredited investor. The provider of retail and institutional brokerage services and independent portfolio management services intends to use the proceeds from the offering for working capital and SEC net capital requirements.
Melior-Delaware Inc. of Birmingham, Ala., is raising $2 million through a private placement of common stock. A minimum investment of $10,000 is required. At the time of its SEC filing, the company had already raised just over $10,000 from one accredited investor. The provider of automotive technical training intends to use the proceeds from the offering for working capital.
R.B. Tower Co. of Tupelo, Miss., is raising approximately $2 million through a private placement of common stock from two accredited investors. A minimum investment of $25,000 is required. At the time of its SEC filing, the company had already raised $50,000 from one accredited investor. The company intends to use the proceeds for working capital, salaries and fees.
Vesta Broadband Services Inc. of McKinney, Texas, is raising $1.2 million through a private placement of common stock. A minimum investment of $50,000 is required. At the time of its SEC filing, the company had already raised $800,000 from eight accredited investors. The company intends to use the proceeds from the offering for working capital.
Secure Wings Inc. of Atlanta is raising just over $1 million through a private placement of common stock. A minimum investment of $25,000 is required on the placement. The provider of video-based security systems intends to use the proceeds from the offering for working capital.
Collegeboxes Inc. of Miami is raising $1 million through a private placement of Series A convertible preferred stock. A minimum investment of $50,000 is required. At the time of its SEC filing, the company had already raised just over $850,000 from nine accredited investors. The provider of nationwide shipping and storage services for college students intends to use the proceeds from the offering for the repayment of indebtedness and working capital.
Middlesex Certified Inc. of Durham, N.C., raised $1 million from 25 accredited investors through a private placement of Series A financing The provider of employee placement services for health-care professionals intends to use the proceeds from the offering for working capital.
U.S. Pawn Inc. of Houston, Texas, raised over $12 million from 24 accredited investors through a private placement of Series B-2 preferred stock. The pawn shop operator intends to use the proceeds from the offering for the acquisition of U.S. Remodelers Inc.
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Midwest
Natural Healing International Inc. of Cleveland is raising $1 million through a private placement of common stock. A minimum investment of $59,500 is required. Cambridge Securities Inc. of Lansing, Mich., is placing the deal. At the time of its SEC filing, the company had already raised $148,750 from three accredited investors. The distributor and seller of alternative medical products and services intends to use the proceeds from the offering for the purchase, rental or leasing and installation of machinery and equipment working capital.
Nuron Inc. of South Bend, Ind., raised just over $3.5 million from 28 accredited and six non-accredited investors through a private placement of common stock. The designer and creator of application specific hardware for computers intends to use the proceeds from the offering for product development and working capital.
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West
Visional Corp. of Palo Alto, Calif., is raising $15 million through a private placement of convertible securities and Series F preferred stock. There is no minimum investment is required on the placement. At the time of its SEC filing, the company had already raised just over $1.33 million from two accredited investors. The provider of network knowledge management software intends to use the proceeds from the offering for working capital.
Alliance Medical Inc. of Phoenix is raising $13 million through a private placement of Series C preferred stock and convertible securities. A minimum investment is not required on the placement. At the time of its SEC filing, the company had already raised approximately $9 million. The medical device reprocessing company intends to use the proceeds from the offering for salaries and fees, working capital and obtaining regulatory approvals.
Keyhole Inc. of Mountain View, Calif., is raising approximately $10 million through a private placement of Series A convertible preferred stock. No minimum investment is required on the placement. At the time of its SEC filing, the company had already raised just over $6 million from seven accredited investors. The developer of navigation and mobile commerce mapping software intends to use the proceeds from the offering for salaries and fees and working capital.
Glove Source Inc. of Las Vegas is raising $5.2 million through a private placement of common stock and convertible securities. A minimum investment of $10,000 is required. Granite Capital Management of West Lake Village, Calif., is acting as the agent on the placement for a $936,000 commission. The medical devices supplier intends to use the proceeds from the offering for working capital, marketing and the construction or leasing of facilities.
Web Ware Corp. of Sausalito, Calif., is raising $3.24 million through a private placement of Series A preferred stock. A minimum investment of $100,000 is required. At the time of its SEC filing, the company had already raised $2.4 million from eight accredited investors. The developer and marketer of Internet technologies intends to use the proceeds from the offering for working capital.
BidPath.com Corp. of Bellevue, Wash., is raising $2.25 million from seven accredited investors through a private placement of convertible securities and capital stock purchase warrants. The provider of Internet software and services for online auctioning intends to use the proceeds from the offering for working capital.
e-Finance Corp. of Sunnyvale, Calif., raised $12 million from 15 accredited investors through a private placement of Series B preferred stock. A minimum investment was not required on the placement. The provider of small business finance services intends to use the proceeds from the offering for the repayment of indebtedness and working capital.
Believe Inc. of Santa Clara, Calif., raised $11.8 million from two accredited investors through a private placement of Series B preferred stock. The developer and supplier of technology solutions for the computer animation and digital entertainment industry intends to use the proceeds from the offering for working capital.
One Realm Inc. of Boulder, Colo., raised $10 million from 12 accredited investors through the private placement of Series C preferred stock. A minimum investment of $10,000 was required on the placement. The company that automates the process of internationalizing software intends to use the proceeds for working capital.
zipRealty.com Inc. of Berkeley, Calif., raised $10 million from eight accredited investors through a private placement of Series C preferred stock. The Web-based real estate firm intends to use the proceeds for working capital.
InfoCruiser Inc. of Aliso Viejo, Calif., raised $8.9 million from two accredited investors through a private placement of preferred stock. The company intends to use the proceeds from the offering for working capital.
RedSonic Inc. of Santa Ana, Calif. raised $4 million from 13 accredited investors through a private placement of Series A preferred stock. A minimum investment of $20,000 was required. The researcher, developer and marketer of real-time linux-based software intends to use proceeds from the offering for working capital.
Glides Inc. of Bellevue, Wash., raised $3 million from two accredited investors through Series A preferred stock financing. There was no minimum investment required on the placement. The software developer intends to use the proceeds from the offering for the working capital, marketing activities, purchase or rental and installation of machinery and equipment, and construction or leasing of plant buildings and facilities.
Osage Systems Group Inc. of Phoenix raised $2.25 million from six accredited investors through a private placement of common stock. The provider of client/server information technology products, services and support intends to use the proceeds from the offering for working capital.
Netstech Inc. of Palo Alto, Calif., has raised $2 million through a private placement of Series A preferred stock from one accredited investor. There was no minimum investment required. The technology company intends to use the proceeds from the offering toward the repayment of indebtedness and working capital.
Continental Divide Robotics Inc. of Littleton, Colo., raised $2.8 million from 19 accredited investors through a private placement of common stock. The company intends to use the proceeds from the offering for working capital.
Tennis X-change Inc. of San Francisco raised $2 million from nine accredited investors through a private placement of preferred stock. There was no minimum investment required on the placement. The provider of an Internet site for tennis enthusiasts intends to use the proceeds from the offering for working capital, Web site development, strategic partnerships, sales and marketing.
Materia Inc. of Pasadena, Calif., raised approximately $1.2 million from 11 accredited investors through a private placement of Series A preferred stock. A minimum investment was not required on the placement. The developer and manufacturer of wireless telecommunications products intends to use proceeds from the offering for working capital.
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