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Malachite Technologies Inc. of Methuen, Mass., is raising approximately $16 million through a private placement of Series B preferred stock. There is no minimum investment required. At the time of its SEC filing, the company had already raised approximately $8.5 million from 22 accredited investors. The provider of hardware and software products in the optical networking industry intends to use the proceeds from the offering for the repayment of indebtedness and working capital.
FindWhat.com of New York is raising $3 million through a private placement of common stock. At the time of its SEC filling, the company had already raised $100,000 from two accredited investors. The developer and marketer of performance-based advertising services for the Internet intends to use the proceeds from the offering for working capital.
EFarm Inc. of Danvers, Mass., is raising $2.5 million through a private placement of Series C convertible preferred stock. There is a minimum investment of $10,000 required. The collaborative commerce company that enables supply chain management for the food and agriculture processing industry intends to use the proceeds from the offering for working capital, salaries and fees.
Lifetips.com Inc. of Boston is raising $1 million through a private placement of preferred stock. A minimum investment of $25,000 was 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.
Planalytics of Wayne, Pa., raised approximately $15 million from 14 accredited investors through a private placement of Series E convertible preferred stock. There was no minimum investment required. The developer of technologies for supply chain management to complement the initiatives of retailers and manufacturers 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 on the placement. 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 and the construction or leasing of plant buildings and facilities.
E-centives Inc. of Bethesda, Md., raised just over $2.55 million from one accredited investor through a private placement of Class A common stock. A minimum investment of $100,000 was required. The online direct marketer intends to use the proceeds from the offering for working capital and the acquisition of other businesses.
Tango.com Inc. of Great Neck, N.Y., 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.
Mobile Metrics Inc. of King of Prussia, Pa., raised approximately $2 million from 13 accredited investors through a private placement Series A preferred stock and convertible securities. A minimum investment was not required from the offering. The provider of a wireless e-commerce platform intends to use the proceeds for working capital.
Chinawe Inc. of New York raised just over $1.34 million from one accredited investor through a private placement of Series A preferred stock. The introducer of investors to early-stage enterprises and vice versa intends to use the proceeds from the offering for working capital and the acquisition of other businesses.
Internet Angels Inc. of New York raised just over $1million from 20 accredited investors through a private placement of common stock. A minimum investment of $50,000 was required on the placement. The b-to-b e-commerce company intends to use the proceeds from the offering for working capital, Web site development and maintenance expenses.
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SouthThe County Bank of Greenwood, S.C., is raising $5 million through a private placement of Series A preferred stock. There is a minimum investment of $50,000 required. At the time of its SEC filing, the company had already raised approximately $1.46 million from 10 accredited investors. The Internet portal intends to use the proceeds from the offering for working capital.
Online Insight Inc. of Atlanta is raising approximately $5.25 million through a private placement of Series B preferred stock and convertible securities. There is a minimum investment of $25,000 required. At the time of its SEC filing, the company had already raised just over $4.5 million from three accredited investors. The business formed to improve e-commerce by bridging the gap between information management and transaction fulfillment 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. There is a minimum investment of $10,000 required. The provider of benefits application services intends to use the proceeds from the offering for working capital, salaries and fees.
NetByTel.com Inc. of Boca Raton, Fla., is raising $3 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 $2.3 million from one accredited investor. 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.
Psyquel Inc. of San Antonio is raising approximately $2 million through a private placement of common stock. There is a minimum investment of $50,000 required. At the time of its SEC filing, the company had already raised $100,000 from one accredited investor. The provider of billing, collection and practice management software and services to behavioral health industry intends to use the proceeds for working capital, salaries and fees.
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.
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MidwestUnited Shipping & Technology Inc. of Minneapolis is raising $15 million through a private placement of Series D convertible preferred stock. BB&T Capital Markets of Richmond is acting as the agent on the placement. At the time of its SEC filing, the company had already raised just over $11.5 million from eight accredited investors. The provider of customized delivery solutions for same-day, time-critical shipping and e-commerce distribution intends to use the proceeds from the offering for working capital.
Capitol Bancorp, Ltd. of Lansing, Mich., is raising approximately $1.5 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 $1 million from 29 accredited investors. The bank holding company intends to use the proceeds from the offering for working capital.
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 acting as the agent on the placement. 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 investors 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.
Arryx Inc. of Chicago raised $2.98 million from 50 accredited and non-accredited investors through a private placement of preferred stock. A minimum investment of $10,000 is required. The provider of automotive technical training intends to use the proceeds from the offering for working capital.
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WestAlliance 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.
Centrata Inc. of Redwood City, Calif., is raising $10.5 million through a private placement of convertible securities and Series B 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 $2.8 million from five accredited investors. The computer software research and development company intends to use the proceeds from the offering for working capital and the repayment of indebtedness.
Keyhole Inc. of Mountain View, Calif., is raising approximately $10 million through a private placement of Series A convertible preferred stock. There is no minimum investment 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.
NuEworld.com Commerce Inc. of Irvine, Calif., is raising $6 million through a private placement of common stock. A minimum investment of $10,000 is required. Akina Communications LLC of Kahuku, Hawaii, and Benjamin West of Eldorado, Calif., are acting as the agent on the placement for a sales commission of $162,440. At the time of its SEC filing, the company had already raised $3.35 million from 203 accredited investors. The e-commerce Internet service provider intends to use the proceeds from the offering for working capital.
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.
EngineeringMatrix Corp., of San Mateo, Calif., is raising $2.51 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 $2.41 million from 23 accredited investors. The provider of Web-based service procurement and contract management platform for the engineering and construction industries intends to use the proceeds from the offering for working capital.
Vivant! Corp. of Oakland, Calif., is raising approximately $2.03 million through a private placement of convertible securities. A minimum investment of $100,000 is required. At the time of its SEC filing, the company had already raised $1.85 million from five accredited investors. The software business 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 financial services to small businesses 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. There was no minimum investment required. The developer and supplier of technology solutions for computer animation and digital entertainment industry intends to use the proceeds from the offering 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 provider of Web-based real estate services intends to use the proceeds from the offering 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.
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 developer of software intends to use the proceeds from the offering for the working capital, marketing activities, the purchase or rental and installation of machinery and equipment and construction or leasing of plant buildings and facilities.
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.
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. There was no minimum investment required on the placement. The provider of Internet software and services for online auctioning 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 a Web site for tennis enthusiasts intends to use the proceeds from the offering for working capital, product development, strategic partnerships, sales and marketing.
Rebop Media Inc. of San Mateo, Calif., raised approximately $1.5 million from one accredited investor through a private placement of Series A preferred stock. The developer and provider of rich media applications for businesses intends to use proceeds from the offering for working capital.
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