Change: offered +0% / raised +189% / placed 43%
iM5 disclosed having increased subscription by 189% on its $750,000 debt financing. An additional $213,000 worth of securities was placed by the company with six investors since the company last released data almost a year ago. This brings to $325,000 the amount raised from the eight backers who subscribed to the offering. The subscription will close either once the offering is sold in full or in the last couple of months, whichever one comes first. The company is issuing unregistered securities for the first time.
iM5 develops and markets a free social network organized around crowdsourcing ideas and engagement based on common interests. The platform is exclusively dedicated to foster users’ intent of taking real-life action, whether it’s finding upcoming events, achieving personal goals, or collaborating to create social change. The application is available for iOS and Android.
Thomas Klein (CEO) leads the Mt. Pleasant SC based company which was registered in 2012. iM5 kept its revenues undisclosed.
The board of directors includes Andre Refay.
Status: Intermediary close
Industry: Other Technology
Amount offered: $750,000
Amount placed: $325,000
First sale: 08-19-2013
Data as of: 06-06-2014
Change: offered +24% / raised +24% / placed 100%
Photofy re-opened and closed its unregistered equity offering after increasing the placement’s size from $605,000 to $750,000. It appears all the remaining $145,000 worth of securities were placed among the eleven investors that were already disclosed in Photofy’s filing almost six months ago. At the time they had invested $605,000 in the financing round. It took six months for the offering to be fully subscribed and close. This was the first offering under regulation D filed by Photofy.
Photofy markets and develops a free photo-enhancement application (app) for mobile phones. The app offers thousands of professionally designed typography, graphics, stickers, and frames to enhance users’ pictures. The app also features easy sharing via social media as well as business tools for social commerce around photography and photo driven brand-engagement. The app is available for iOS and Android.
Jonathan Lanasa (President) leads the Raleigh NC based company which was registered in 2013. Photofy kept its revenues undisclosed.
The executive team includes Jesse Flores.
The board of directors includes James Goodmon.
Industry: Other Technology
Amount offered: $750,000
Amount placed: $750,000
First sale: 11-26-2013
Data as of: 06-02-2014
Change: offered +6% / raised +6% / placed 100%
StoryPress re-opened and closed its unregistered equity offering after increasing the placement’s size from $250,000 to $265,000. It appears all the remaining $15,000 worth of securities were placed among the six investors that were already disclosed in StoryPress’ filing on April 18th. At the time they had invested $250,000 in the financing round. It took one month for the offering to be fully subscribed and close. The offering’s expected net proceeds amount to $215,000, excluding $50,000 earmarked for the payment of officers’ salaries. The company closed three unregistered private placements which raised an estimated $340,000.
The company developed a mobile application (app) to capture spoken stories, illustrate them and save them on the cloud. The application allows users to create and collect audio stories and easily save them as an audio book as well as share them via e-mail or social media. The app is in beta testing for now and will be available for iOS and Android.
Mike Davis (CEO) leads the Cedar Park TX based company which was registered in 2012. Revenues on or below $1 million were reported by StoryPress.
The company has raised an estimated total of $605,000 via private unregistered security offerings.
Amount offered: $265,000
Amount placed: $265,000
First sale: 04-05-2014
Data as of: 05-06-2014
Yillio expects to sell $220,000 worth of equity to investors in a non-brokered financing round. The equity offered hasn’t been subscribed yet by investors. Based on the information disclosed, the $220,000 offering is structured to remain open until February 2015 or when the fundraising cap is reached, whichever one comes first. The equity offering’s estimated net proceeds will amount to $150,000 which excludes $70,000 to be paid toward officers’ salaries. Up to now Yillio had raised an estimated $300,000 in unregistered securities via one previous financing round.
The company offers an online and mobile application (app) that allows users to discover, save and share merchants and gas stations offering promotions and deals based on their device’s GPS. The app is free for users and available for iOS and Android. Yillio plans on monetizing the app on the merchant side.
M Reid Overcash (CEO) leads the Raleigh NC based company which was registered in 2012. Yillio elected to keep its revenues undisclosed.
The executive team includes Michael Wanyo, Tully Ryan and Vadim Droznin.
The board of directors includes Richard R Beaty and Robert K Adams.
Industry: Other Technology
Amount offered: $220,000
Clinkle successfully closed its $500,000 unsecured Class A convertible promissory note offering which was initiated last month. A single investor subscribed to the non-brokered placement. The investor is believed to be Sir Richard Branson. The company raised an estimated $25 million in seed funding this year.
Clinkle is in stealth mode and is said to be developing a platform to modernize the way people transact. The company is planning to introduce its payment platform next year and is developing iOS and Android applications.
Lucas Duplan (Chief Executive Officer) leads the San Francisco CA based company which was registered in 2012. Clinkle elected not to disclose its revenues.
Status: Completed/Final close
Industry: Other Technology
Amount offered: $500,000
Amount placed: $500,000
Fuelzee, Inc. successfully completed its $50,000 mezzanine offering which was initiated last month. The non-brokered offering was subscribed by a single investor believed to be David Whitney an angel investor. This is the first known offering initiated by the company on the US private placement market.
The company developed a free mobile application which helps users find the cheapest gas and offers rewards on gas, food, and drinks for checking in at the gas station. The app is available for iOS and Android operating systems. While the concept is not new, a host of similar companies such as Yillio, Postelio, FOMO Media and ROXIMITY were raising money over the past few months, the main novelty is that the company elected to engage its users to report real-time prices instead of using crowdsourced reports.
Fuelzee, Inc. , headquartered in Orlando FL, was founded by Daniel “Dan” Mcgaw (CEO) in January 2013.
Postelio, Inc. announced a first close of $250,000 on its expected $1 million equity offering. The amount was raised from one investor via a non-brokered placement of preferred stocks. This is the first known US private financing completed by the company.
Postelio is an online and mobile platform that allows users to socially discover and buy products sold by local stores. The company for now focuses on fashion related products ranging from clothes to accessories. Users can take a picture, add information and share it to get a second opinion from their friends. Postelio also provides users with insight on trends around them and provides suggestions of deals and local boutiques carrying exclusive items. While the user facing application (app) is free, Postelio plans to monetize the app on the merchant side by offering services such as campaigns, loyalty program and data on what users like. In other words it is a mash-up of FOMO Media meets ROXIMITY meets SupportLocal meets tengrade meets Yabbly, all of which raised money over the past month. The app is currently in beta and can be tested by select customers by invitation only.
Postelio, headquartered in Santa Clara CA, was founded in March 2012 by Saif Kantrikar (CEO). The company has less than ten employees, its executive team includes Amit Parikh.
Anomo, Inc. announced the first close of its $400,000 non-brokered equity offering. The company placed $305,000 with one investor which brings to $700,000 the total estimated amount raised via equity issuance since 2012. According to an article published by GeekWire, Amit Mital and Lee Zehrer are among the company’s backers.
The company developed a mobile social network where users create avatars to get to know each other based on their interests as opposed to what they look like. A practice coined as “social discovery”. While the primary application of the network revolves around dating, it can also be used in a number of different ways including making business connections. The application (app) is location based (instead of proximity based) which means users can interact with one another at an exact location. Downloads are available for iOS and Android. It is unclear how the company intends to monetize the app though Pirq CEO, James Sun is a financial backer and on the executive team.
The company, headquartered in Bellevue WA, was founded in December 2011 by Benjamin Liu. The executive team includes David Hajdu as well.
mNectar, Inc. raised $50,000 from one investor in a non-brokered convertible note offering. The company raised an estimated $250,000 in convertible notes since the beginning of the year.
The company developed a mobile ad network which does not require a software development kit and delivers full screen interactive rich media ads for Android and iOS applications (app). The company is currently in private testing mode.
The company, located in San Francisco CA, was founded by Wally Nguyen (CEO) and Daniel Cheng.
FOMO Media LLC raised $160,000 in equity from four investors as part of a $400,000 direct offering. The company placed successfully a prior $100,000 equity offering in September 2012 from two investors.
FOMO Media LLC, founded in June 2012, is a social marketing and promotion start-up based in Portland, Oregon. The company currently markets the FOMO Sonar application which enables businesses to create and manage promotions specifically for mobile devices. The app leverages the customers’ device location to show promotions of businesses in the area that release exclusive deals, content and information. The “sonar” application is available for the iPhone operating system as well as Android. It is free for customers to download. The “ping” or beacon application for businesses to broadcast their deals is available for a fee. The company offers a “pro” version that retails for $30 and an “enterprise” solution that offers more features and flexibility and which price is not disclosed. After all, the name says it all as FOMO is an acronym for the “fear of missing out”!
The company is lead by Richard “Rick” Sheinin (CEO), Shams Barnhard (President), Andrew Clayton (CMO – Chief Marketing Officer), Mathew Wallrath (Enterprise Business Manager), Scott Kleiner and Nicky Wilks.