Acquiring Company
Onfolio Holdings
Acquired Company
RevenueZen
Description
Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the "Company" or "Onfolio"), a holding company that acquires and manages a diversified portfolio of online businesses across a broad range of verticals, today announced that it has closed on an asset purchase agreement (the "Agreement") with RevenueZen LLC, an Oregon limited liability company ("RevenueZen"), whereby the Company’s subsidiary RevenueZen LLC, a Delaware limited liability company ("RevenueZen Delaware"), acquired substantially all of RevenueZen’s business assets for a total purchase price of $1,105,000, consisting of $240,000 in cash at closing, $425,000 in Onfolio Series A Preferred Shares, and a $440,000 11% secured promissory note due December 31, 2025. In addition, five RevenueZen founders received a total of a 12% roll-over equity interest from RevenueZen Delaware, and they will serve in leadership roles with RevenueZen Delaware team. Also, certain of the founders received a total of 270,000 non-qualified stock options to purchase Onfolio common shares at $0.51 per share.
Quick answer
Onfolio Holdings is acquiring RevenueZen, announced January 4, 2024. Onfolio Holdings is based in Wilmington, Delaware, United States.
- How much did Onfolio Holdings pay for RevenueZen?
- The deal value was not disclosed.
- What does Onfolio Holdings do?
- Onfolio acquires and manages a profitable portfolio of digital companies across a broad range of categories.
- Where are Onfolio Holdings and RevenueZen based?
- Onfolio Holdings is based in Wilmington, Delaware, United States. RevenueZen is based in Portland, Oregon, United States.
- Who are the decision-makers at Onfolio Holdings?
- Fundz holds 1 contact at Onfolio Holdings. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Onfolio Holdings, and when
When Onfolio Holdings changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Onfolio Holdings raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Onfolio Holdings, from your own LinkedIn network
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Related People
Frequently asked
Who acquired RevenueZen?
RevenueZen was acquired by Onfolio Holdings, based in Wilmington. The deal was reported on January 4, 2024. Onfolio acquires and manages a profitable portfolio of digital companies across a broad range of categories. Onfolio Holdings is publicly traded (ONFO) and operates in Advertising.
When did Onfolio Holdings acquire RevenueZen?
Onfolio Holdings's acquisition of RevenueZen was reported on January 4, 2024. Onfolio Holdings Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does RevenueZen do?
RevenueZen works with B2B brands to grow their organic and referral traffic. In addition, they provide and consult on content marketing services to help convert that traffic into paying customers. It is privately held, operating in Marketing, and is based in Portland.
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