Nobul closes Series A financing

Nobul Corporation has closed its previously announced Series A financing, raising $#Subscribers ONLY – where and how did you get your news? Subscribe today to see our research on this and all other subscriber ONLY news. Be informed!#

On January 8, 2018, Nobul announced its intention to complete a non-brokered private placement to accredited investors of up to 37,500,000 Class A preferred shares at $0.08 per share for gross proceeds of up to $3 million. The Preferred Shares will automatically convert into common shares on the company’s next round of financing. The company has targeted to close the offering by the end of January.

Toronto based Nobul has created a revolutionary online marketplace for real estate agents to compete against each other to represent buyers and sellers, which will result in lower transaction costs, increased transparency and a vastly improved customer experience.

Nobul is led by founder and CEO Regan McGee, CFO Donald Page, CTO Chris Mero, and SVP of Real Estate John Poole.

photo credit: Nobul

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.