Lessonface.com successfully completed its $90,000 equity offering which started last month. The non-brokered private placement was subscribed by five investors. This is the first time the company is raising money on the private placement market.
The company offers live, face-to-face music lessons taught over live video. The company launched its service in February 2013 after being in beta for about six months.
There are other players on the virtual music teaching market such as Playground Sessions which last financing round was in May 2013 and raised an estimated $1.25 million in total.
Claire Cunnigham (Founder and CEO) leads the Brooklyn NY based company which was registered in 2012. Lessonface.com elected not to disclose its revenues. The executive team includes Ashford Tucker (Business Develpment and Legal).
Status: Completed/Final close
Industry: Other Technology
Amount offered: $90,000
Amount placed: $90,000