Sportsy raised $118,000 at first close three weeks ago

XDATA – August 8th 2014

sportsySportsy reported launching a $518,000 mezzanine private placement. According to the filing, 23% or $118,000 was sold to two backers three weeks ago. The offering will remain open until July 2015 while an additional $400,000 worth of securities is sold to investors. One prior placement was closed under regulation D by the company and raised an estimated $40,000.

The company is a sports education mobile application developer. The company is developing a series of training programs designed for novice to advanced players. Players learn how to perform drills and take part in challenges to earn points and badges. The company released an application for soccer which is available for iOS and Android.

Justin T Kifer (President) leads the Playa Vista CA based company which was registered in 2013. Sportsy kept its revenues undisclosed.
The executive team includes Amanda Kifer and Justin Thomas Kifer.
The board of directors includes Andrew Briggs and Stephan Dalyai.

The company has raised an estimated total of $158,000 via private unregistered security offerings.

Offering recap
Status: First close
Company: Sportsy
Industry: Other Technology
Amount offered: $518,000
Amount placed: $118,000
First sale: 07-14-2014
Data as of: 08-08-2014

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