Late filer Nix Hydra Games reported the successful completion of its $345,000 unregistered debt financing. All the securities were subscribed by five investors. First commitments were received in November 2011. The offering’s structure suggests the placement was scheduled to close before November 2012. Another unregistered securities offering which raised an estimated $5 million was completed by the company. It turns out the company reported all its past offerings within a few days and out of sequence following the closing of a $5 million financing round. According to a Wall Street Journal article* available on the company’s Facebook** page, Foundry Group is the lead investor in the round with participation from Mike Lazerow and other individuals. The company’s post-money valuation stands at around $20 million.
Nix Hydra Games designs, develops and markets video games for mobile phones. The woman-owned company is behind the game called “egg baby”, a pet-raising simulation game. The game is available for iOS and Android.
The company, headquartered in Los Angeles CA, is led by Zijun Chen (President). Nix Hydra Games kept its revenues undisclosed.
The executive team includes Naomi Juliet Ladizinsky.
The board of directors includes Seth Levine.
In a concurrent filing, Nix Hydra Games disclosed having raised $626,000 in a fully subscribed offering.
The company has raised an estimated total of $5.97 million via private unregistered security offerings.
Company: Nix Hydra Games
Industry: Other Technology
Amount offered: $345,000
Amount placed: $345,000
First sale: 11-28-2011
Data as of: 05-30-2014