|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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A $150,000 unregistered mezzanine financing by Canopy successfully closed. The non-brokered financing round was subscribed by one investor on July 23rd. One prior placement was closed under regulation D by the company and raised an estimated $3 million.
The company is a social storefront that curates beautiful items available on Amazon.com. The website offers an aesthetically pleasing look while making items more sociable and easier to share.
Jeffrey R Gatesmith (CEO) leads the Minneapolis MN based company which was registered in 2012. Canopy kept its revenues undisclosed.
The executive team includes Jeffrey Gatesmith and Mark Litecky.
The board of directors includes Gary Lee, Jordan Greenberg and Wayne W Mills.
The company has raised an estimated total of $3.15 million via private unregistered security offerings.
Industry: Other Technology
Amount offered: $150,000
Amount placed: $150,000
First sale: 07-23-2014
Data as of: 08-07-2014
Strolby reported selling 88% or $396,000 of a new unregistered private offering. A total of seven investors subscribed three weeks ago to the company’s $450,000 non-brokered equity financing. Based on the offering’s structure, the company has until May 2015 to raise an extra $54,000. This is the first time Strolby is selling securities under a registration exemption.
Strolby markets and develops locally made, limited-production goods from the best small shops in the country in its online marketplace. The site enables customers to shop local from anywhere, and to discover innovative designers and artisans along the way. The site offers curated items paired with convenience. The company started by showcasing the production of artisans located in Brooklyn and the Hudson Valley.
Lara Fitch (President) leads the Brooklyn NY based company which was registered in 2013. Strolby elected to keep its revenues undisclosed.
Status: First close
Amount offered: $450,000
Amount placed: $396,000
First sale: 05-15-2014
Data as of: 06-10-2014