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|Parachute Home‘s first close reached $5.45 million. The company’s $5.83 million non-brokered equity issue was 93% sold to fourteen investors. The first commitments were received a week ago. This is the first time Parachute Home is selling securities under a registration exemption.
$1.41 million worth of equity issued is related to the conversion of debt and accrued interest.
|The company is a designer of premium quality bedding at an accessible price. Investors include Mesa Ventures, Upfront Ventures, and QueensBridge Venture Partners.|
|Ariel Kaye (CEO) leads the Venice CA based company which was registered in 2013. Parachute Home elected to keep its revenues undisclosed.
The board of directors includes Edward Kim.
Status: First close
Company: Parachute Home
Amount offered: $5.83 million
Amount placed: $5.45 million
SEC filing: Source
First sale: 05-15-2015
Data as of: 05-22-2015