Mouth unveils details on its $5.87 million unregistered security issuance


XDATA – October 14th 2015
After twenty-eight financial backers subscribed to 95% of its equity financing round, Mouth disclosed initiating a first close after raising $5.58 million. The subscription to the $5.87 million non-brokered private placement started a little over a week ago according to information filed with the SEC. The company closed four previous unregistered private placements which raised an estimated $4.25 million.
The security issuance includes an undisclosed amount related to the conversion of certain indebtedness into equity.
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”. The company is backed by Vocap Ventures, VegasTechFund and noted angel investors Joanne Wilson and Jason Calacanis.
The company, headquartered in Brooklyn NY, is led by Craig Kanarick (President and CEO). Mouth elected to keep its revenues undisclosed.
The executive team includes Samuel Murray.
The board of directors includes Christopher K Reilly, Joanne Wilson and Vincent Olmstead.

The company has raised an estimated total of $9.83 million via private unregistered security offerings.

Mouth is registered under the name Mouth Foods.

Offering recap
Status: First close
Company: Mouth
Industry: Retailing
Amount offered: $5.87 million
Amount placed: $5.58 million
SEC filing: Source
First sale: 10-05-2015
Data as of: 10-14-2015

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