Cocoon Data Holdings Limited – technology trialled in the only government department not hacked by Wikileaks,$1,500,000 raised, $1,000,000 worth of unsecured debt converted to equity.

$1,500,000 Raised

We were engaged by Cocoon Data Holdings in late 2009. Cocoon Data had developed a unique an un-hackable encryption technology based on revolutionary ideas. The Company had no revenue but some trial programs with a couple of important Federal Departments.

There were a number of challenges that needed to be overcome at the beginning of this project. The first was that the technology had not yet achieved EAL4+ accreditation which was the requisite security classification required by the Defence Signals Directorate required to roll out the technology.

Second the Company had funded itself from a group of seed investors who had invested approximately $1,000,000 in convertible notes and were due for repayment two months after our engagement.

Third, elements of the technology were classified and too secret to disclose even to investors.

We produced the Company’s capital raising marketing materials in less than two weeks, convinced all convertible note holders to convert to equity under the terms of the offer and listed the capital raising on ASSOB. We secured two high net worth investors who took out the balance of the raising.

This capital raising closed three months after its opening making it the fastest capital raising in our history.

Australia’s leading boutique advisory firm specialising in crowd funding, corporate mergers and acquisitions, unlisted capital raising and strategic advice.

Tauro Capital PTY LTD

Level 8, 410 Collins Street, Melbourne Victoria 3000

+61 3 8602 8888

info@taurocapital.com.au