Change: offered +25% / raised +170% / placed 89%
XDATA – September 11th 2014
Mouth upped its financing to $1.25 million from $1 million after receiving new commitments. An additional $700,000 worth of securities was placed by the company with fourteen investors since the company last released data almost two months ago. This brings to $1.11 million the amount raised from the twenty-one backers who subscribed to the offering. The subscription is structured to close once the 11% left is fully subscribed or in about a year at the latest. The company closed two unregistered private placements which raised an estimated $1.8 million.
Mouth markets and develops a marketplace for food products from independent makers nationwide. The platform curates local craft food manufacturers, seeking out new products and focusing on the genre of “indie food.”
Craig Kanarick (President and CEO) leads the Brooklyn NY based company which was registered in 2012. Mouth elected to keep its revenues undisclosed.
The executive team includes Samuel Murray.
The board of directors includes Joanne Wilson and Vincent Olmstead.
The company has raised an estimated total of $2.91 million via private unregistered security offerings.
Mouth is registered under the name Mouth Foods
Status: Intermediary close
Amount offered: $1.25 million
Amount placed: $1.11 million
First sale: 07-07-2014
Data as of: 09-11-2014