About Direct Commerce
Direct Commerce is a private company based in Palo Alto, California, incorporated in 2023 in Delaware. It has reported $7,500,000 raised in two offerings on Form D since September 2021.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Jul 12, 2023 | Aug 3, 2023 | $2,500,000fully sold | 1 | $2.5M | EquityRule 506(b) | Form D ↗ |
| Aug 16, 2021 | Sep 1, 2021 | $5,000,000of $10.0M target | 1 | $5.0M | Equity, Series B Preferred Stock and the Common Stock issuable upon conversion thereof.Rule 506(b) | Form D ↗ |
| Total, two offerings | $7,500,000 | |||||
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Leadership Team
Executive officers and directors listed on Direct Commerce's Form D filed Aug 3, 2023.
SW
Steve Wadsworth
Director
KJ
Kent Johnson
Chief Financial Officer and director
RW
Robert Wadsworth
Director
JM
John Mecklenburg
Executive officer and director
BH
Bruce Hanavan
Executive officer and director
Earlier filings also listed Richard Garvin (director, last listed Sep 2021).