MINNEAPOLIS, MN — Enstratus Networks, Inc reported today in a filing with the U.S. Securities and Exchange Commission it had raised $3.5M of a $4M private offering. Companies file this special form with the U.S. Securities and Exchange Commission in the majority of cases when closing new funding.
Enstratus Networks, Inc did not disclose revenue figures according to the SEC Filing detailing the transaction. The type of investment being offered was listed as equity (opposed to debt, warrants, or other types of investment options). Enstratus Networks, Inc noted they began raising the money on October 20, 2011. As of today, $4M of the $4M offering has been sold to private investors.
Digging into Enstratus Networks, Inc's fundraising history, this is the first SEC filing we've seen from Enstratus Networks, Inc. This doesn't mean they haven't raised money in the past, this is the first time Enstratus Networks, Inc has raised money and filed a special form with the SEC.
The SEC Filing can be viewed in its entirety by clicking here: Enstratus Networks, Inc Form D SEC Filing.