December 9, 2016
intelliHR received overwhelming interest from investors to its December 1, 2016 $1 million capital-raising managed by Morgan’s Financial. Placement was oversubscribed in just two days! Due to this strong demand, the size of the offer was subsequently increased to $2.1 million.
The incredible interest from investors highlights that intelliHR is in an exciting stage of growth with our cloud-based people management system. The additional funds that have been raised will be applied to further strengthen and accelerate our sales and marketing efforts. It will also provide an additional buffer in working capital.