Change: offered +24% / raised +24% / placed 100%
Photofy re-opened and closed its unregistered equity offering after increasing the placement’s size from $605,000 to $750,000. It appears all the remaining $145,000 worth of securities were placed among the eleven investors that were already disclosed in Photofy’s filing almost six months ago. At the time they had invested $605,000 in the financing round. It took six months for the offering to be fully subscribed and close. This was the first offering under regulation D filed by Photofy.
Photofy markets and develops a free photo-enhancement application (app) for mobile phones. The app offers thousands of professionally designed typography, graphics, stickers, and frames to enhance users’ pictures. The app also features easy sharing via social media as well as business tools for social commerce around photography and photo driven brand-engagement. The app is available for iOS and Android.
Jonathan Lanasa (President) leads the Raleigh NC based company which was registered in 2013. Photofy kept its revenues undisclosed.
The executive team includes Jesse Flores.
The board of directors includes James Goodmon.
Industry: Other Technology
Amount offered: $750,000
Amount placed: $750,000
First sale: 11-26-2013
Data as of: 06-02-2014