Change: offered +0% / raised +30% / placed 30%
Pavlok disclosed having increased subscription by 30% on its $500,000 mezzanine financing. An additional $35,000 worth of securities was placed by the company with five investors since the company last released data last March. This brings to $150,000 the amount raised from the fourteen backers who subscribed to the offering. The offering is structured to close in six months at the latest. The company is issuing unregistered securities for the first time.
Pavlok develops a coaching and monitoring bracelet for users to create good habits. A mobile application used in conjunction with the device allows users to set goals and either get rewarded for meeting them or face consequences, like getting shocked until it becomes a habit.
Maneesh Sethi (President) leads the Boston MA based company which was registered in 2013. Pavlok kept its revenues undisclosed.
Pavlok is registered under the name Behavioral Technology Group.
Status: Intermediary close
Industry: Other Technology
Amount offered: $500,000
Amount placed: $150,000
First sale: 02-07-2014
Data as of: 07-18-2014
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