Alcohoot filed for first close after raising 83% of its financing round


XDATA – September 9th 2014

alcohoot$500,000 worth of mezzanine securities started to be placed by Alcohoot on August 19th. Based on the information disclosed, a total of eleven investors bought 83% of the $600,000 security offering. Based on the offering’s structure, the company has until August 2015 to raise an extra $100,000. One prior placement was closed under regulation D by the company and raised an estimated $1.25 million.

Alcohoot markets and develops a device that plugs in the headphone jack to turn smartphones into breathanalyzers. The tool, in conjunction with the mobile application, helps users track their bodies’ reaction to alcohol and become smarter drinkers. The device leverages the same FDA-registered fuel cell sensor used by police and military devices.

Christopher G Ayala (CEO) leads the New York NY based company which was registered in 2012. Alcohoot kept its revenues undisclosed.
The executive team includes Max Koeppel.
The board of directors includes Caleb Koeppel, Jonathan Ofir and Lisa D Kabnick.

The company has raised an estimated total of $1.75 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Alcohoot
Industry: Other Technology
Amount offered: $600,000
Amount placed: $500,000
First sale: 08-19-2014
Data as of: 09-08-2014

For more information visit www.XDATA.co

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