Online music lessons company successfully closed on a $90,000 equity private placement with five investors


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).

Offering recap:
Status: Completed/Final close
Company: Lessonface.com
Industry: Other Technology
Amount offered: $90,000
Amount placed: $90,000

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s