Change: offered +0% / raised +37% / placed 10%
Craft3 disclosed having increased subscription by 37% on its $20 million debt financing. An additional $525,000 worth of securities was placed by the company with five investors since the company last released data six months ago. This brings to $1.96 million the amount raised from the nineteen backers who subscribed to the offering. The offering is structured as indefinite and will remain open until fully subscribed. This is the first offering filed by Craft3 under a registration exemption.
The company is a non-profit community development firm providing loans and advice to businesses that create family wage jobs, non-profits that provide essential services to their communities and municipalities and Tribal governments for community facilities and economic development efforts. The company also offers loans to individuals and other entities that do not normally have access to financing.
The company is headquartered in Ilwaco WA. Craft3 kept its revenues undisclosed.
The executive team includes Abigail Bielemeier, Crystal Green, David Oser and John Berdes.
Status: Intermediary close
Amount offered: $20 million
Amount placed: $1.96 million
First sale: 07-01-2013
Data as of: 05-27-2014