Tenant King disclosed in an SEC filing, launching a $1 million non-brokered equity financing round. The placement is structured to close in June 2015 should the fundraising target not be reached. The company didn’t report selling securities thus far. This is the first time the company is filling a security offering under a registration exemption with the SEC.
Tenant King develops a community platform for neighbors and their neighborhood. The goal is to strengthen communities via the creation of private networks. The platform allows verified members to buy, sell, swap goods and services, organize community activities or simply anonymously voice concerns about the building’s management. The platform started to offer its services to tenants living in Long Island City, New York.
The company was registered in 2013 and has its headquarters located in Bedford NY. Tenant King elected to keep its revenues undisclosed.
The executive team includes Michael Rossi.
Company: Tenant King
Industry: Other Technology
Amount offered: $1 million
Data as of: 06-09-2014