Tagged: design

OmieLife re-opened its offering to place $55,000 more


Change: offered +11% / raised +11% / placed 100%

omielifeOmieLife re-opened and closed its unregistered equity offering after increasing the placement’s size from $520,000 to $575,000. The offer closed after the company raised $55,000 from two additional investors within a couple of months. At closing, a total of fourteen investors had subscribed to OmieLife’s offering. This was the first offering under regulation D filed by OmieLife.

The company is behind the design of the OmieBox, a lunch box to help kids eat better. The lunch box was designed specifically for kids to keep their lunch looking appetizing. The box features a hot and cold compartment with an easy open lid, utensil holder, and leak-proof compartments.

The company, headquartered in San Francisco CA, was registered this year. No revenues were reported by the company.
The executive team includes Nancy Yen.

Offering recap
Status: Completed
Company: OmieLife
Industry: Other
Amount offered: $575,000
Amount placed: $575,000
First sale: 04-03-2014
Data as of: 06-27-2014

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Elements Design launched a $1 million offering and placed 20%


According to a document filed by Elements Design with the SEC, the company launched a $1 million non-brokered equity offering. So far Elements Design sold 20% or $200,000 worth of new unregistered securities to nine backers. The subscription started a little over a week ago. The offering will remain open until May 2015 while an additional $800,000 worth of securities is sold to investors. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.

The company is currently in stealth mode. The company was founded by designers Simon Enever and Bill May.

Elements Design, registered in 2014, is headquartered in New York NY. It is led by Simon Enever (CEO). Revenues were not disclosed.
The executive team includes William May.

Offering recap
Status: First close
Company: Elements Design
Industry: Retailing
Amount offered: $1 million
Amount placed: $200,000
First sale: 05-12-2014
Data as of: 05-22-2014

OnCore Golf Technology issues $140,000 worth of securities


oncore golf technology14% of OnCore Golf Technology‘s $1 million unregistered private offering was placed one month ago. The non-brokered equity securities were subscribed by three investors. The first close garnered $140,000. An additional $860,000 in funding is to be raised until the offering draws to a close in March 2015. The company is filing for the first time a security registration exemption with the SEC.

The company is a designer and manufacturer of golf balls. The company’s OnCore Maximum Accuracy 1.0 golf ball features a high strength hollow metallic core combined with ultra-high performance polymer composite blends in the mantle layer. This proprietary construction, according to the company, shifts the ball’s weight to the perimeter, increasing the moment of inertia and reducing sidespin. The result is a straighter drive, more accurate iron shots, and laser-straight putts.

The company, headquartered in Buffalo NY, is led by Keith A Blakely (Chairman). Revenues on or below $1 million were reported by OnCore Golf Technology.
The board of directors includes Keith Allen Blakely.

Offering recap
Status: First close
Company: OnCore Golf Technology
Industry: Other
Amount offered: $1 million
Amount placed: $140,000
First sale: 03-19-2014
Data as of: 05-16-2014

Lunch box designer, OmieLife, reports the successful completion of its equity issuance


omielifeOmieLife placed $520,000 worth of securities as part of a non-brokered equity financing round. The placement, which started on April 3rd, lured a total of twelve subscribers. No offering was previously initiated by the company under a registration exemption with the SEC.

The company hasn’t launched its website yet, however its first product seems to be a new lunch box designed to help kids eat better.

The company, headquartered in San Francisco CA, was registered this year. The company reported having no revenues.

The executive team includes Nancy Yen.

Offering recap
Status: Completed
Company: OmieLife
Industry: Other
Amount offered: $520,000
Amount placed: $520,000
First sale: 04-03-2014
Data as of: 04-17-2014

Video game design app, Pixel Press, issues $250,000 worth of securities


pixel press42% of Pixel Press Technology‘s $600,000 unregistered private offering was placed last Friday. The non-brokered equity securities were subscribed by three investors. The first close garnered $250,000. The offering will remain open until March 2015 while an additional $350,000 worth of securities is sold to investors. Until this disclosure Pixel Press Technology had raised an estimated $310,000 in unregistered securities via one previous financing round. The company raised $109,000 via a kickstarter campaign in June 2014.

The company is designing an application (app) for mobile, desktop and web that allows users to design video games. The users can create a fully customized video game by drawing it on a piece of paper, take a picture, test, design and share it. The company is developing two products. “Floors” is to design run-and-jump platformed style games like Super Mario Brothers. Floors will cost $10 and is to be release on iOS in spring 2014 and mid 2014 for Android. “Quest”, to be released in 2014, will be to design open world adventure style games.

Robin Rath (CEO) leads the St. Louis MO based company which was registered in 2013. Pixel Press Technology elected to keep its revenues undisclosed.
The executive team includes Robert Bennet.
The board of directors includes Richard Chaifetz.

The company has raised an estimated total of $560,000 via private unregistered security offerings.

Offering recap
Status: First close
Company: Pixel Press Technology
Industry: Other Technology
Amount offered: $600,000
Amount placed: $250,000
First sale: 03-07-2014
Data as of: 03-13-2014

Aussie graphic design app Canva disclosed information on its $1.5 million debt issuance


canvaCanva reported selling 54% of its debt issuance via a subscription which launched on February 18th. According to the information disclosed, eleven subscribers ponied up $810,000 out of the $1.5 million the company expected to raise. $690,000 in additional funding can be raised before February 2015 based on the placement’s structure. Two previous unregistered financing rounds raised an estimated $3 million. The company is backed by Blackbird Ventures, a VC firm focusing on internet businesses with a global reach and Australian entrepreneurs. Other VC backers include: Matrix Partners and Interwest Partners. According to a Financial Review article angel investors include: Dave Bagshaw (Shutterfly), Adrian MacKenzie (Formerly with CVC Asia Pacific), Lars Rasmussen (Facebook), Ken Goldman (Yahoo) and Paul Bassat (Seek).

The company develops a drag-and-drop design application to simplify the creation of graphic design. Canva is the combination of a drag-and-drop design tool with a  library of  stock photographs, graphic elements and fonts. The app is free to use along with a selection of free elements and fonts. Users can also have access to more than 1 million photographs, graphic elements and fonts for $1.

The company, headquartered in Surry Hills, NSW Australia, was registered in 2012. Canva kept its revenues undisclosed.
The executive team includes Clifford James Obrecht and Melanie Joy Perkins.

The company has raised an estimated total of $3.81 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Canva
Industry: Other
Amount offered: $1.5 million
Amount placed: $810,000
First sale: 02-18-2014
Data as of: 03-05-2014

Matchmaker for local designers and manufacturers ups offering by 150%


elihuuElihuu disclosed increasing the size of its convertible promissory note placement by 150% to $750,000. An additional $80,000 worth of securities was placed by the company with two investors since the company last released data last October. This brings to $220,000 the amount raised from the six backers who subscribed to the offering. Based on the offering’s structure the subscription is scheduled to close in six months at the latest. The company is an alumnus of the Boulder Techstars accelerator program. Techstars is a multi-location incubator and seed investor which also provides white label incubation programs for corporations.

The company developed and markets a platform for designers to find the right local manufacturer who can best work with the materials, processes and specifications needed for the project. Once the connection is made, the platform offers workflow tools to streamline communication and the exchange of files, quotes, images and legal documents.

Dorian Ferlauto (President & CEO) leads the Denver CO based company which was registered in 2013. Elihuu kept its revenues undisclosed. The management team includes Alex Henry (Chief Design Officer) and John Ipson (CTO).

Offering recap
Status: Intermediary close
Company: Elihuu
Industry: Other
Amount offered: $750,000
Amount placed: $220,000
Change: offered +150% / raised +59% / placed 29%

Google Reader + Basecamp + WordPress = Needly which closed on $988,000 financing


Needly, Inc. announced the completion of its $988,000 non-brokered fundraising effort which was initiated in February. Three investors subscribed to the equity issuance. The company is tapping into the US private offering market for the first time. The equity offering’s expected net proceeds amount to $888,000 excluding $100,000 earmarked for the payment of officers’ salaries.

The title says it all. Needly is a service that aims to enhance user’s experience to follow feeds (Google Reader), collaborate in small groups (Basecamp), and build “drag and drop” professional looking web sites (WordPress). While the basic package is free, the company offers two other options at $19 and $99 per month.

The company is headquartered in Santa Monica CA. Needly, Inc. elected not to disclose its revenues. The executive team includes Fred Krueger (Founder and CEO) , Ben Nunemaker (Founder and CTO), Antony Van Couvering (CEO of Top Level Domain Holdings) and Brian W. Seidman (Corporate Development).

Offering recap:
Status: Completed/Final close
Company: Needly, Inc.
Industry: Other Technology
Amount offered: $988,000
Amount placed: $988,000