TransparentBusiness Closes Second Round of Financing Through an Initial Private Offering, Overcoming Venture Capital Gender Bias
Summary
NEW YORK, Feb. 3, 2020 /PRNewswire/ -- , a company whose SaaS platform was designated by Citigroup as the Top People Management Solution , announced today that it has successfully completed its second round of financing, bringing the total amount raised to over $6 million. TransparentBusiness investors include current and former executives of Morgan Stanley, Merrill Lynch, J.P. Morgan, Stifel, Bank of America, Barclays Global Investors, UBS, Wells Fargo, Goldman Sachs, Citigroup, Trust Company of the West, Deutsche Bank and Accenture. Telefónica, the second-largest Spanish company, invested in TransparentBusiness through Wayra; its venture capital fund and a global technological innovation hub. " "Rule 506(c) allows for, essentially, Initial Private Offerings," stated Richard Devlin, the securities attorney of TransparentBusiness. TransparentBusiness is the first company I know which advertised its Initial private offering in the Wall Street Journal, Investors Business Daily, Bloomberg, and other major media.