Winestyr disclosed selling $250,000 worth of equity securities as part of financing round. The equity securities, which started to sell a little over a week ago, were bought by four investors. The offering has no fundraising cap and the company may elect to raise additional funds until the offering closes in June 2015. The equity offering’s estimated net proceeds amount to $145,000 excluding $105,000 earmarked for the payment of officers’ salaries. The company closed four previous unregistered private placements which raised an estimated $850,000.
The company is connecting craft wine producers directly with consumers. The company’s fully compliant, proprietary platform gives the company the ability to sell wine online without ever touching the product. Clients are able to select curated wines, rate and keep track of them.
The company is headquartered in Winnetka IL. Winestyr elected to keep its revenues undisclosed.
The executive team includes John, Jr Gould Wilson, Robert Francis Wilson and Scott Elliot Washburn.
The board of directors includes John Gould Wilson.
The company has raised an estimated total of $1.1 million via private unregistered security offerings.
Winestyr is registered under the name Corkteam.
Amount offered: N/A
Amount placed: $250,000
First sale: 06-30-2014
Data as of: 07-09-2014