Eleven Missouri companies raised a combined $37,710,060 in June through offerings made under the Securities and Exchange Commission’s Form D exemption. Using whogotfunded.com, FormDs.com and the Securities and Exchange Commission’s EDGAR database, Missouri Business Alert tracked sales of equity and debt by the state’s companies throughout the month of June.
Under a Form D equity or debt offering, only accredited investors may invest in a company. Accredited investors include banks, investment firms and individuals with at least $1 million in personal wealth or annual income of more than $200,000. The company must submit a Form D filing with the SEC within 15 days of the first sale to one of these accredited investors.
Missouri companies that raised funds through Form Ds in June are listed below, starting with the highest amount raised.
As of June 25, Kansas City-based Smith Electric Vehicles Corp. had raised $23,554,702 in a debt sale. Smith Electric is a manufacturer of zero-emission, medium-duty commercial vehicles designed as alternatives to traditional diesel trucks. (SEC Filing)
As of June 4, St. Louis-based Veniti, Inc. had raised $9,720,856 of a total $12 million offered in an equity sale. Veniti is a medical device manufacturer focused on creating solutions and improving the treatment of venous diseases. (SEC Filing)
As of June 19, St. Louis-based Isto Technologies had raised $2,009,365 of a total $3,069,098 offered in an equity sale. Isto is a medical device manufacturer focused on creating products for spinal therapy, sports medicine and trauma recovery. (SEC Filing)
As of June 19, St. Louis-based Food Essentials Corp. had closed a round that raised its target $600,137 in an equity sale. Food Essentials is a technology firm focusing on food label data analysis for government and industry clients. (SEC Filing)
As of June 5, St. Louis-based Acera Surgical, Inc. had raised $500,000 of a total $1,000,000 offered in a debt sale. Acera Surgical is a medical device manufacturer developing a line of implantable neurosurgical meshes and related tools for use by surgeons. (SEC Filing)
As of June 21, St. Louis-based Mediprocity Inc. had closed a round that raised its target of $500,000 in an equity sale. Mediprocity is software development company that offers a web-based messaging tool to doctors that complies with health care privacy regulations. (SEC Filing)
As of June 17, St. Louis-based TuneSpeak LLC had raised $375,000 of a total $500,000 offered in an equity sale. TuneSpeak is musician-to-fan loyalty program that allows bands to offer prizes to their followers for listening to their music, watching videos and attending concerts. (SEC Filing)
As of June 27, St. Louis-based Datanalytics, Inc. had raised $160,000 in an equity sale. Datanalytics, also known as JuriStat, collects and analyzes court records to help attorneys calculate the odds of a favorable verdict from state and federal court databases. (SEC Filing)
On June 21, Kansas City-based RTF Logic LLC closed a $120,000 equity sale, that will help fund its Truckily app. RTF Logic is a software developer that builds apps for businesses in the retail and transportation industries. Truckily is an app that helps connect food trucks with customers. (SEC Filing)
All 11 businesses mentioned above are plotted on the map below. Click on any marker on the map for more information on the startup.