Friye disclosed in an SEC filing, launching a $1 million non-brokered equity financing round. The placement is structured to close in March 2015 should the fundraising target not be reached. The company didn’t report selling securities thus far. This is the first time Friye is offering securities under a registration exemption. Interested investors may have access to the offering’s confidential documents on the company’s website.
The company is developing a voice controlled web and phone application to broadcast e-how and e-learning material. A Friye (friend in your ear) is a set of step by step audio instructions describing how to do something combined with hands free navigation. The company is positioning itself as a platform to attract experts in all fields from all over the world to create and sell Friyes to end users looking for expert guidance.
The company, headquartered in Colorado Springs CO, was registered in 2013. No revenues were reported by the company.
The executive team includes Wen Boley.
Industry: Other Technology
Amount offered: $1 million