About System Initiative
System Initiative is a private company based in San Francisco, California. It has reported $24,249,998 raised in three offerings on Form D since October 2021. Its chief executive is Adam Jacob.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Apr 2, 2025 | Apr 17, 2025 | $6,249,999fully sold | 3 | $2.0M | Equity, Series A-1 Preferred Stock and Common Stock issuable upon conversionRule 506(b) | Form D ↗ |
| Oct 6, 2021 | Jun 21, 2023 | $15,000,000fully sold | 5 | $3.0M | Equity, Series A Preferred Stock and Common Stock issuable upon conversionRule 506(b) | Form D ↗ |
| Jul 22, 2019 | Oct 1, 2021 | $2,999,999fully sold | 4 | $749K | Equity, Series Seed Preferred Stock and Common Stock issuable upon conversionRule 506(b) | Form D ↗ |
| Total, three offerings | $24,249,998 | |||||
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 System Initiative's Form D filed Apr 17, 2025.
Earlier filings also listed Alexandre Ethier (executive officer and director, last listed Oct 2021).