Backspaces initiated a first close of $150,000 on its $70,000 debt private placement. The first close was subscribed by a single investor. The offering will remain open for a year. This is the first private placement done by Backspaces in the US.
The company developed and markets an application for the iPhone which allows the user to easily tell stories with pictures and words and share them with others on a social network platform.
The company, headquartered in New York City, was founded in 2012 and is led by Adrian Sanders (President). Backspaces elected not to disclose its revenue range.
Status: First close
Industry: Other Technology
Amount offered: $750,000
Amount placed: $150,000
First Sale: 10/16/13