OurHistree disclosed selling $255,000 worth of mezzanine securities as part of financing round. The mezzanine securities, which started to sell one month ago, were bought by eight investors. The offering has no fundraising cap and the company may elect to raise additional funds until the offering closes in March 2015. A total of twelve unregistered securities offerings closed by the company raised an estimated $8.44 million.
The company developed and markets a web platform and an Android application (app) that allow users to create multimedia stories, alone or with a group, which can easily be embed, tweeted or shared on Facebook. The story can be updated as often as the user wants and photos and videos can easily be added directly from a cell phone. The app is free.
The company, headquartered in Beverly Hills CA, is led by Andrew Sipes (President). Ourhistree kept its revenues undisclosed.
The company has raised an estimated total of $8.7 million via private unregistered security offerings.
Industry: Other Technology
Amount offered: N/A
Amount placed: $255,000
First sale: 03-04-2014
Data as of: 04-04-2014