XDATA – September 26th 2014
One investor bought $450,000 worth of mezzanine securities from Venue Report a week ago. According to the data disclosed, the company expects to raise a total of $800,000 via this non-brokered financing. $350,000 in additional funding can be raised before September 2015 based on the placement’s structure. The mezzanine offering’s expected net proceeds will amount to $708,000 which excludes $92,000 to be paid toward officers’ salaries. Unregistered securities don’t appear to have been previously sold by the company.
Venue Report develops and markets an online marketplace for events planners and hidden, original venues to connect. The venues are curated and documented by correspondents and photographs.
The company was registered in 2013 and has its headquarters located in Carlsbad CA. Revenues were not reported.
The executive team includes Cortnie Lee Purdy and Donald Alvah Fausner.
The board of directors includes Ian Michael Mcdaniel.
Status: First close
Company: Venue Report
Amount offered: $800,000
Amount placed: $450,000
First sale: 09-19-2014
Data as of: 09-26-2014