About Positive Development
Positive Development is a private company based in McLean, Virginia, incorporated in 2020 in Delaware. It has reported $72,191,309 raised in four offerings on Form D since May 2020. Its chief executive is Mike Suiters.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Jan 7, 2025 | Jan 21, 2025 | $21,999,954of $29.9M target | 4 | $5.4M | Equity, Options, Securities on exerciseRule 506(b) | Form D ↗ |
| May 24, 2024 | Jun 7, 2024 | $9,999,969of $11.9M target | 6 | $1.6M | EquityRule 506(b) | Form D ↗ |
| Oct 26, 2022 | Nov 3, 2022 | $37,256,435fully sold | 10 | $3.7M | EquityRule 506(b) | Form D ↗ |
| Apr 17, 2020 | May 8, 2020amended Jan 29, 2021 | $2,934,951of $2.9M target | 16 | $183K | EquityRule 506(b) | Form D/A ↗1 earlier filing |
| Total, four offerings | $72,191,309 | |||||
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 Positive Development's Form D filed Jan 21, 2025.
AS
Adam Seabrook
Director
RB
Roy Beveridge
Director
MP
Mark Pacala
Director
DG
Daniel Gebremedhin
Director
MS
Mike Suiters
Chief Executive Officer and director
JB
John Banta
Director
NW
Nick Whitehead
Director
Earlier filings also listed Brenton Fargnoli (director, last listed Jun 2024).