nCino Sells $80 Million in Shares

10/1/19

By Sabrina Berndt, NC Biz News

nCino, Inc. sold $80 million in shares in a private stock offering, according to a Securities and Exchange Commission filing.

nCino filed the Form D on Oct. 1. It did not disclose what it intended to do with the proceeds.

Founded in 2012, nCino created a cloud-based platform that combines banking programs such as data analytics, loan management and customer service.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.

The form can be found here.

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