Mouth reported selling 41% or $412,000 of a new unregistered private offering. A total of seven investors subscribed a week ago to the company’s $1 million non-brokered equity financing. The offering will remain open until July 2015 while an additional $588,000 worth of securities is sold to investors. Two previous unregistered financing rounds raised an estimated $1.8 million.
Mouth markets and develops a marketplace for food products from independent makers nationwide. The platform curates local craft food manufacturers, seeking out new products and focusing on the genre of “indie food.”
Craig Kanarick (President and CEO) leads the Brooklyn NY based company which was registered in 2012. Mouth elected to keep its revenues undisclosed.
The executive team includes Samuel Murray.
The board of directors includes Joanne Wilson and Vincent Olmstead.
The company has raised an estimated total of $2.21 million via private unregistered security offerings.
Mouth is registered under the name Mouth Foods.
Status: First close
Amount offered: $1 million
Amount placed: $412,000
First sale: 07-07-2014
Data as of: 07-14-2014