Red Violet, Inc. (NASDAQ: RDVT), a Boca Raton, Fla.-based analytics and information solutions provider, closed $7.5m in growth financing.
The company sold 681,000 shares of common stock in a registered direct offering.
Backers included existing and new investors.
The company intends to use the funds to accelerate market expansion through new investment in sales, product development and marketing, as well as for working capital and other general corporate purposes.
Led by Derek Dubner, CEO, red violet provides analytics and information solutions harnessing data fusion to uncover the relevance of disparate data points and convert them into views of people, businesses, assets and their interrelationships. This enables clients across markets and industries to execute all aspects of their business, from managing risk, recovering debt, identifying fraud and abuse, and ensuring legislative compliance, to identifying and acquiring customers.
FinSMEs
30/08/2019