Subscription launched on December 31st for Booktrope’s $400,000 financing round


libertary After launching a $400,000 investment round, Booktrope started to receive on December 31st commitments amounting to $215,000 from nine investors. So far the company raised 54% of its non-brokered security offering according to the data disclosed. $185,000 in additional funding can be raised before December 2015 based on the placement’s structure. A previous private placement closed by the company raised an estimated $2 million under regulation D.
Booktrope develops a book publishing and e-commerce distribution platform that enables writers to submit their novels and get assistance to polish the work from editors, proofreaders and cover designers. Investors include Alliance of Angels.
The company, headquartered in Seattle WA, is led by Kenneth Shear (President). Booktrope kept its revenues undisclosed.
The executive team includes Katherine Fye Sears.
The board of directors includes Brian Schlosser and Emmett Shear.

The company has raised an estimated total of $2.22 million via private unregistered security offerings.

Booktrope is registered under the name Libertary Co..

Offering recap
Status: First close
Company: Booktrope
Industry: Retailing
Amount offered: $400,000
Amount placed: $215,000
SEC filing: Source
First sale: 12-31-2014
Data as of: 01-14-2015
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