BROOMFIELD — Vesmir Inc., which does business as Petro DE, is raising up to $750,000 in a convertible note offering.
The Broomfield-based company initially closed on $150,000 from previous investors, Michael Petruzzi, vice president of operations, told BizWest.
While owning a building seems like something every successful business should do, that’s not always the case. For many companies, it makes more sense to continue leasing space, freeing up time and capital that can be better utilized in other ways.
Vesmir’s product, Petro DE, is a platform for oilfield intelligence for businesses. The company makes business intelligence technology applicable to many industries, including oil and gas, its primary business in Colorado.
Petruzzi said the company did a similar fund raise last summer, raising $500,000 through convertible notes.