N.io Innovation parent company raises $1.25M

BROOMFIELD — Societal Innovation Holdings Inc., parent company to n.io Innovation, has raised $1.25 million.

The company filed an amended Form D with the U.S. Securities and Exchange Commission showing it plans to raise $2 million by offering convertible promissory notes. The date of first sale was June 2. A representative for the company did not return a request for more information.

A New Perspective on Accounts Receivable

It’s important for business owners to take a close look at accounts receivable. Many see it as the result of growing sales and a safe, readily-liquid asset. While this perspective is not a surprise at all, the reality is that of all the assets a business could hold, A/R is among the worst.

The company’s subsidiary, n.io, is a software platform that lets any business using digital trends such as machine learning, artificial intelligence and the Internet of Things to their advantage. The company is focusing on bringing those technologies to the agriculture industry.

N.io was named one of the Mercury 100 for the Boulder Valley, with growth of more than 5,000 percent.

BROOMFIELD — Societal Innovation Holdings Inc., parent company to n.io Innovation, has raised $1.25 million.