VHX raised $4.25 million in equity at first close

Logos_animated VHX reported selling $4.25 million or 85% of a new unregistered private offering. A total of eight investors subscribed on December 22nd to the company’s $5 million non-brokered equity financing. Based on the offering’s structure, the company has until December 2015 to raise an extra $750,000. Two previous unregistered financing rounds raised an estimated $5.76 million.
The company is a direct-to-fan distribution platform built for premium video that empowers artists to sell their work from their own websites, directly to fans. Everything that used to be sold on DVD can be sold using the company’s platform. Investors include Union Square Ventures, Lowercase Capital, and Lerer Hippeau Ventures.
The company, headquartered in Brooklyn NY, is led by Jamie Wilkinson (President and CEO). VHX elected to keep its revenues undisclosed.
The executive team includes Casey Pugh.
The board of directors includes Andrew Weissman.

The company has raised an estimated total of $10.01 million via private unregistered security offerings.

Offering recap
Status: First close
Company: VHX
Industry: Other Technology
Amount offered: $5 million
Amount placed: $4.25 million
SEC filing: Source
First sale: 12-22-2014
Data as of: 01-06-2015
All dollar amounts are derived from filings lodged with the SEC by the company under current and previous names.

For more information visit www.XDATA.co


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