According to a document filed by Elements Design with the SEC, the company launched a $1 million non-brokered equity offering. So far Elements Design sold 20% or $200,000 worth of new unregistered securities to nine backers. The subscription started a little over a week ago. The offering will remain open until May 2015 while an additional $800,000 worth of securities is sold to investors. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.
The company is currently in stealth mode. The company was founded by designers Simon Enever and Bill May.
Elements Design, registered in 2014, is headquartered in New York NY. It is led by Simon Enever (CEO). Revenues were not disclosed.
The executive team includes William May.
Status: First close
Company: Elements Design
Amount offered: $1 million
Amount placed: $200,000
First sale: 05-12-2014
Data as of: 05-22-2014