Good Uncle unveils details on its $5 million unregistered offering


http://www.XDATA.co
XDATA – February 11th 2016
After thirty-nine financial backers subscribed to 44% of its equity financing round, Good Uncle disclosed initiating a first close after raising $2.19 million. The subscription to the $5 million non-brokered private placement started a little over a week ago according to information filed with the SEC. The offering will remain open until February 2017 while an additional $2.81 million worth of securities is sold to investors. This is the first time Good Uncle is selling securities under a registration exemption.
The company is focused on licensing iconic and up-and-coming restaurants’ signature item and expand access to these dishes across secondary and tertiary markets with innovative local kitchens and consumer-facing ordering technologies.
Matt Doumar (Co-Chief Executive Officer) leads the New York NY based company which was registered in 2015. Good Uncle elected to keep its revenues undisclosed.
The executive team includes Wiley Cerilli.
The board of directors includes Angus Davis.

Good Uncle is registered under the name Rosco & Benedetto Co..

Offering recap
Status: First close
Company: Good Uncle
Industry: Other Technology
Amount offered: $5 million
Amount placed: $2.19 million
SEC filing: Source
First sale: 02-02-2016
Data as of: 02-11-2016
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