$400,000 unregistered debt financing and first close reported by BoardBookit

boardbookitBoardBookit disclosed hitting the market to raise $400,000 via debt issuance. $50,000 has already been subscribed by one financial backer. The non-brokered placement started almost two weeks ago. An additional $350,000 in funding is to be raised until the offering draws to a close in April 2015. A prior unregistered securities offering which raised an estimated $850,000 was completed by the company.

The company designed and markets a web portal as well as an iPad application (app) to help companies create and distribute material to board members. The company targets small and medium sized companies to streamline their investor relations related tasks. The app has been designed to be secure affordable and easy to use. The annual plan starts at $1,200. The company announced a few days ago that pursuant to a strategic alliance with the Angel Capital Association (ACA), ACA is going to provide the BoardBookit iPad app and secure board of director’s portal to ACA members.

Marion Lewis (President and CEO) leads the Pittsburgh PA based company which was registered in 2013. Boardbookit disclosed having revenues on or below $1 million.
The board of directors includes Jeanette Thomas.

The company has raised an estimated total of $900,000 via private unregistered security offerings.

Offering recap
Status: First close
Company: BoardBookit
Industry: Other Technology
Amount offered: $400,000
Amount placed: $50,000
First sale: 04-03-2014
Data as of: 04-14-2014


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