Eight Missouri and suburban Kansas City startup companies raised a combined $18.6 million in March through offerings made under the Securities and Exchange Commission’s Form D exemption. Using FormDs.com and the Securities and Exchange Commission’s EDGAR database, Missouri Business Alert tracked sales of equity and debt by the state’s startup companies throughout the month of March.
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 and suburban Kansas City startup companies that raised funds through Form Ds in Missouri are listed below, starting with the largest amount raised.
Overland Park, Kan.-based Health Outcomes Sciences Inc. raised nearly $13 million in an equity sale as of March 12. HOS is a health care IT company that provides physicians with patient-specific analysis and risk models to help them make treatment decisions through its ePRISM software. (SEC Filing)
Washington, Mo.-based KE2 Therm Solutions Inc. raised approximately $1.9 million of a total $2 million offered in a debt sale as of March 7. KE2 Therm Solutions develops energy-saving electronic controllers for refrigeration and air conditioning systems with the goal of reducing their environmental impact. (SEC Filing)
St. Louis-based Hatchbuck LLC, formerly known as Systematic Revenue LLC, closed two fundraising rounds totaling approximately $1.6 million as of March 5, with one an equity sale and the other a combined equity and debt sale. Hatchbuck develops sales and marketing automation software for small businesses. (SEC Filings No. 1 and No. 2)
Overland Park, Kan.-based Solea Energy LLC raised $1.6 million of a total $5.5 million offered in a combined equity and debt sale as of March 14. Solea is an electricity trading and marketing company serving independent power producers, utilities and industrial energy users. (SEC Filing)
St. Louis-based Pixel Press Technology LLC raised $250,000 of a $600,000 offered in an equity sale as of March 14. Pixel Press is a video game system that generates levels for an ’80s-style game based on hand-drawn maps. (SEC Filing)
Prarie Village, Kan.-based Nowa Technology Inc. raised $210,000 in an unlimited equity sale as of March 12. Nowa Technology’s patented process promises to recover the energy and other potential by-products in waste, such as oil and fertilizer components, and eliminate the negative environmental impacts of disposing them. (SEC Filing)
St. Louis-based Epigenetx LLC raised its target of $170,000 in an equity sale as of March 6. Epigenetx is a pharmaceutical company focused on developing epigenetic therapies for hard-to-treat diseases. (SEC Filing)
St. Louis-based Helper Helper LLC raised its target of $150,000 offered in an equity sale as of March 18. Helper Helper offers an application that helps connect users, specifically college athletes, to volunteering opportunities in their area. (SEC Filing)