Social network for parents initiates first close on its mezzanine offering


BloomzA first close of $576,000 was initiated by Bloomz on its fundraising effort. 58% of the $1 million non-brokered mezzanine offering started to sell on January 13th 2014. Thirteen investors subscribed to the placement so far. It is the first time the company is raising funds on the private placement market.

The company develops a secure invite-only social network platform for parents to simplify their lives by consolidating in one place all their children’s events ranging from school and extra curricular activities to friends. It lets users coordinate and manage schedules and opens the door to collaboration and communication with other parents, teachers, and coaches. The application (app) has been designed for mobile devices running on iOS.

Chakrapani Appalabattula (President) leads the Redmond WA based company which was registered in 2013. Revenues were not disclosed.

Offering recap:
Status: First close
Company: Bloomz, Inc.
Industry: Other Technology
Amount offered: $1 million
Amount placed: $576,000
First Sale: 01/13/14

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