BROOMFIELD — TownCloud, an app platform built specifically for local governments’ needs, has raised $1 million.
The Broomfield company is seeking the funding funding by offering up debt, according to a Form D filed with the U.S. Securities and Exchange Commission, May 24. The company had filed a form saying it had raised $500,000, but Michael Littman, an attorney for TownCloud, said the company had a private placement for the full $1 million and would be filing an amended form.
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The company has built a suite of software for local government, including an easy agenda publisher, method of communication between citizens and elected officials, and analytics dashboard.
“TownCloud is creating a comprehensive enterprise tool that allows local governments to significantly reduce IT costs while providing a totally modern way to interact with citizens,” according to its website.
Apps begin at $99 per month with no long-term contract or up-front capital investment.
BROOMFIELD — TownCloud, an app platform built specifically for local governments’ needs, has raised $1 million.
The Broomfield company is seeking the funding funding by offering up debt, according to a Form D filed with the U.S. Securities and Exchange Commission, May 24. The company had filed a form saying it had raised $500,000, but Michael Littman, an attorney for TownCloud, said the company had a private placement for the full $1 million and would be filing an amended form.
Sponsored Content
Demystifying Your Balance Sheet - For Business Owners
Tap into your company’s potential by taking some of the mystery out of your balance sheet. At Elevations Credit Union, helping our business members optimize their financial performance is exactly what we do.
The company has built a suite of software for local government, including an easy agenda publisher, method of communication between citizens and elected officials, and analytics dashboard.
“TownCloud is creating a comprehensive enterprise tool that allows local governments to significantly reduce IT costs while providing a totally modern way to interact with citizens,” according to its website.
Apps begin at $99 per month with no long-term contract or up-front capital investment.
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