Change: offered +92% / raised +181% / placed 91%
XDATA – August 12th 2014
Campus disclosed increasing the size of its mezzanine placement by 92% to $5.11 million. Prior investors ponied up an additional $3 million. They had previously subscribed to $1.66 million in securities according to another filing disclosed on July 24th. So far, five backers committed $4.66 million to Campus‘ offering. The subscription is structured to close once the 9% left is fully subscribed or next April at the latest. This is the first offering by Campus done under a registration exemption.
Campus markets and develops a network of co-living properties. The company offers working professionals, for a reasonable rent and membership fee, to rent a room and partake in the life of a community house. The company offers property management services such as internet, house cleaners, and electricity among others. The company maintains another platform for homeowners to lease their home to the company.
Tom Currier (President and CEO) leads the San Francisco CA based company which was registered in 2013. Campus kept its revenues undisclosed.
The executive team includes Daniel Fukuba.
Campus is registered under the name Plinth.
Status: Intermediary close
Industry: Business Services
Amount offered: $5.11 million
Amount placed: $4.66 million
First sale: 04-16-2014
Data as of: 08-11-2014