PRM / FASTBASE ANNOUNCES $10 MILLION NON-BROKERED PRIVATE PLACEMENT ROUND

24. november 2018 14:35 | Af: Ritzau Info
 

Fastbase Inc, (“Fastbase” or the “Corporation”) announces to raise gross proceeds of up to $10,000,000 through a round of private placement at a price of $2.90 per share based on the first come, first served basis. Each share purchase will consist of one (1) common share.

Pressemeddelelse fra Fastbase A/S

The Corporation intends to use the net proceeds for continued development, marketing, and preparation for a listing on the London Stock Exchange (AIM). This round of private placement will close by December 20th. 2018.

Private Placement Invitation

The shares are being offered and sold in an offering exempt from the registration requirements under the Securities Act of 1933, as amended (the “Securities Act”).

Fastbase Market Potential

Fastbase has one of the largest business databases in the world analyzing web analytics from Big Data. Since launching in June 2016, over 1 million businesses have signed up for the service ranging from Fortune 500 companies to blue-chip brands from over 108 countries. The company equips B2B companies with powerful tools that identify website visitors and provide insights on their online behavior, disrupting a $170 billion dollar analytics, marketing, and lead generation market.

Fastbase’s momentum is not stopping anytime soon as the company is achieving a growth rate of 60,000 new website sign-ups per month. Of the estimated 200 million companies in the world, more than 50 million are using Google Analytics to regularly monitor website traffic and data. Fastbase uplevels the data provided by Google Analytics by providing concrete and detailed information about a website’s visitors. In addition, the company also integrates with Google Ads to tell companies exactly which businesses are engaging with their ads.To compare the services, Google is the most-used search engine in the world, handling 3.5 billion searches each day whereas Fastbase is analyzing 6 billion website visitors each month (and growing).

About Fastbase Inc.

Fastbase Inc. is a SaaS data and web analytics company that congregates company data and contact information throughout the web using its proprietary algorithm. By monitoring and compiling web-traffic and search patterns, users are able to view in-depth information about their website traffic in almost real-time. The daily number of website sign-ups has surged making Fastbase one of the fastest-growing data and web analytics software companies in the business-to-business industry.

www.fastbase.com

The company is currently building a predictive analytics and machine learning platform, which allows marketers to set both explicit and implicit data criteria, automate lead identification and generation, and thus accelerate sales and marketing through ranking data on demand.

Google lets you search for anything on the web while Fastbase identifies the companies behind the search.

About London Stock Exchange – AIM

AIM is a successful growth stock market. Since its launch, over 3,600 companies from across the globe have been listed on AIM. Powering the companies of tomorrow, AIM continues to help growing companies raise the capital they need for expansion.

Fastbase share reservation

Læs hele pressemeddelelsen på Via Ritzau her: https://via.ritzau.dk/pressemeddelelse/fastbase-announces-10-million-non-brokered-private-placement-round?releaseId=13564591

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