XDATA – September 4th 2014
After nineteen financial backers subscribed to 92% of its equity financing round, Olly PBC disclosed initiating a first close amounting to $6 million. The subscription to the $6.51 million non-brokered private placement started on August 20th according to information filed with the SEC. This is the first time Olly PBC is selling securities under a registration exemption.
The company markets and develops a line of multi-vitamin and dietary supplements. The company is backed by an impressive board including Tim Koogle (Yahoo!), his wife Pam Scott, Pat O’Dea (Pete’s coffee), and Eric Ryan (Method Inc where Koogle and O’Dea were on the board).
Brad Harrington (President) leads the San Francisco CA based company which was registered in 2013. Olly PBC elected to keep its revenues undisclosed.
The board of directors includes Eric Ryan, Pam Scott, Pat O’dea and Tim Koogle.
Olly PBC is registered under the name Olly Public Benefit
Status: First close
Company: Olly PBC
Amount offered: $6.51 million
Amount placed: $6 million
First sale: 08-20-2014
Data as of: 09-04-2014