Software Firm Raises $2M

Software Firm Raises $2M
Stonehenge's platform, Stopwatch, was the top software project featured at a Microsoft event last year.

Did you know that a Bentonville software firm has raised $2 million?

Stonehenge Technology Labs Inc., provider of a business-to-business software platform for consumer packaged goods companies, reported the amount sold in a Feb. 3 filing with the U.S. Securities & Exchange Commission. 

The filing listed the total offering amount as $2 million. The date of the first sale was Dec. 8, 2021. The type of securities offered was simple agreement for future equity, or SAFE. The minimum investment amount was $8,000 and 17 investors invested. 

Company CEO Meagan Bowman signed the SEC document. She didn’t immediately return a call for comment.

If you recall, Stonehenge’s platform, Stopwatch, was designed to pull together public and private data in a way that allows every employee of a consumer packaged goods company to look at the same information needed to run the business. Its goal is to help companies reach consumers wherever they are, online or in stores.

Bowman also was named the 2021 Innovator of the Year in emerging tech trends at the annual Northwest Arkansas Tech Summit.