|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.
Status: First close
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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XDATA – October 6th 2014
A $11 million unregistered equity financing by Elo7 successfully drew to a close. The non-brokered investment round was placed among nine investors. The subscription started last Wednesday. Until this disclosure Elo7 had raised an estimated $4.99 million in unregistered securities via one previous financing round. The amount offered reported to the SEC represents the portion of the placement earmarked by the company for US investors.
The company is Brazil-based online marketplace for buying and selling hand-crafted products. The company is backed by Accel Partners and Monashees Capital.
The company, headquartered in Grand Cayman Cayman Islands, is led by Carlos Curioni (CEO). Elo7 elected to keep its revenues undisclosed.
The board of directors includes Eric Acher, Jeff Lieberman and Kevin Efrusy.
The company has raised an estimated total of $15.99 million via private unregistered security offerings.
Elo7 is registered under the name Elo 7
Industry: Other Technology
Amount offered: $11 million
Amount placed: $11 million
First sale: 10-01-2014
Data as of: 10-06-2014