Tagged: education

Everspring closes $27.5 million equity issuance


XDATA – January 29th 2016
Everspring placed $27.5 million worth of securities as part of a non-brokered equity financing round. The placement, which started a little over a week ago, lured a total of fourteen subscribers. Two previous unregistered financing rounds raised an estimated $32 million.
The company is a provider of full-service, customized online educational solutions to universities. Services include strategic planning, marketing, enrollment, student services and retention, faculty engagement, analytics, and technology integration. Financial backers include Carrick Capital Partners and Accretive LLC.
The company, headquartered in Chicago IL, is led by Jeffrey Conlon (CEO). Everspring elected to keep its revenues undisclosed.
The executive team includes Christopher Paetsch, Elizabeth Hollenberg, Karen Baldeschwieler, Michael Wright, Neil Marchant and Robert Carroll.
The board of directors includes Alexander Mason, Andrew Rutter, Edgar Bronfman, J Michael Cline, James C Madden, Miriam Strouse and William D Hansen.

The company has raised an estimated total of $59.5 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Everspring
Industry: Other
Amount offered: $27.5 million
Amount placed: $27.5 million
SEC filing: Source
First sale: 01-19-2016
Data as of: 01-29-2016

Revolution Foods completed a new $35 million equity offering


XDATA – December 4th 2015
Revolution Foods issued equity for a total of $35.22 million in a non-brokered investment round. The transaction which started on November 19th, garnered the support of fifteen investors. A total of twelve unregistered securities offerings closed by the company raised an estimated $119.01 million.
Revolution Foods markets and manufactures fresh prepared meals made using natural ingredients. The company supports schools and food service directors by offering fresh, hand-prepared breakfast, lunch, snack and supper meals and products. The company also markets meal kits for kids available in retail stores. The food contains no artificial colors, flavors or preservatives, no high fructose corn syrup, no nitrates and no fillers. The company is backed by DBL Investors, Oak Investment Partners, Catamount Ventures, New Schools Venture Fund, the Westly Group and Physic Ventures.
The company, headquartered in Oakland CA, is led by Kristin Groos Richmond (President and CEO). Revolution Foodselected to keep its revenues undisclosed.
The executive team includes Kendall Baker and Kirsten Tobey.
The board of directors includes Jed Smith, Jim Shelton, Kathy Roland, Michael Dorsey, Richard Schneiders and Steven Case.

The company has raised an estimated total of $154.23 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Revolution Foods
Industry: Other
Amount offered: $35.22 million
Amount placed: $35.22 million
SEC filing: Source
First sale: 11-19-2015
Data as of: 12-02-2015

Questar Assessment reports a $5 million equity issuance


For more information visit http://www.XDATA.co
XDATA – October 30th 2015
Questar Assessment placed $5 million worth of securities as part of a non-brokered equity financing round. The placement, which started on October 15th, lured a total of fourteen subscribers. Until this disclosure Questar Assessmenthad raised an estimated $4.63 million in unregistered securities via one previous financing round.
Questar Assessment markets a K-12 assessment platform offering complete, end-to-end services designed to address all aspects of assessment from test design, development, calibration, and psychometric services to print production, distribution, scanning, scoring, reporting, and data analysis. The company focuses state and local education agencies in the US. Financial backers include New Markets Venture Partners and Camden Partners.
The company, headquartered in Apple Valley MN, is led by Jamie Candee (President and CEO). Revenues on or below $100 million were reported by Questar Assessment.
The executive team includes Jason Hake.
The board of directors includes Andrew Simon, Chris Nguyen, David Warnock, Donald Hughes, Elizabeth Chou, Kevin Gruneich and Theodore Naegeli.

The company has raised an estimated total of $9.63 million via private unregistered security offerings.
In addition, the company reported in the past issuing an estimated $13.5 million worth of securities as part of M&A transactions.

Offering recap
Status: Completed
Company: Questar Assessment
Industry: Other
Amount offered: $5 million
Amount placed: $5 million
SEC filing: Source
First sale: 10-15-2015
Data as of: 10-29-2015

LightSail revised its offering cap upward to $10.24 million and received $8.69 million in commitments


Change: offered +124% / raised +153% / placed 85%

lightsale LightSail upped its financing to $10.24 million from $4.56 million after receiving new commitments. An additional $5.25 million worth of securities was placed by the company with sixteen investors since the company last released data almost a year ago. This brings to $8.69 million the amount raised from the thirty-five backers who subscribed to the offering. The offering is structured as indefinite and will remain open until fully subscribed. This is the first offering initiated by the company under regulation D of the Securities Act of 1933.

LightSail develops and markets an adaptive, tablet-based literacy platform designed to provide teachers with the tools to boost students’ interest, passion and proficiency in reading. It features an interactive e-reader, embedded assessments, real-time data. Backers include Serious Change.

Ryan Alexander (President) leads the New York NY based company which was registered in 2012. LightSail elected to keep its revenues undisclosed.
The executive team includes Gideon Stein.

Offering recap
Status: Intermediary close
Company: LightSail
Industry: Other Technology
Amount offered: $10.24 million
Amount placed: $8.69 million
First sale: 11-01-2013
Data as of: 10-30-2014

For more information visit www.XDATA.co

Language Stars files details on the completion of its financing round


language starsOne financial backer invested $400,000 in return for unregistered equity securities issued by Language Stars. The transaction completed last Wednesday via a non-brokered private placement. A total of six unregistered securities offerings closed by the company raised an estimated $6.3 million. The company is backed by HCP & Co, a private equity firm focused on growth equity lower-middle market buyout transactions.

The company provides foreign languages programs for kids one year to ten years old. Languages offered include Spanish, Mandarin, German, Italian and of course French. The company has locations in the Chicago, Washington DC, and Baltimore metro areas as well as Northern Virginia. The teaching concept is a play-based education in a full immersion foreign language setting.

The company is headquartered in Chicago IL. Language Stars elected to keep its revenues undisclosed.

The executive team includes James A Davidson and Leslie L Lancry.
The board of directors includes Carlos Signoret, Jim Bland and McGee Lee.

The company has raised an estimated total of $6.7 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Language Stars
Industry: Other
Amount offered: $400,000
Amount placed: $400,000
First sale: 04-30-2014
Data as of: 05-05-2014

Master The Gap files for first close after raising 73%


master the gapMaster The Gap‘s first close reached $725,000. The company’s $1 million non-brokered equity issue was 73% sold to thirteen investors. The first commitments were received on April 9th. Based on the offering’s structure, the company has until April 2015 to raise an extra $275,000. The company is filing for the first time a security registration exemption with the SEC.

The company offers courses and coaching as well as software for securities trading. The trading methodology focuses on chart-based gap trading strategies. Gap trading is a simple and disciplined approach to buying and shorting stocks. Essentially one finds stocks that have a price gap from the previous close and watches the first hour of trading to identify the trading range. Rising above that range signals a buy, and falling below it signals a short.

The company, headquartered in Morrisville NC, is led by M Scott Andrews (President). Master The Gap elected to keep its revenues undisclosed.

Offering recap
Status: First close
Company: Master The Gap
Industry: Other Technology
Amount offered: $1 million
Amount placed: $725,000
First sale: 04-09-2014
Data as of: 04-23-2014

$1 million fundraising launched by e-How platform Friye


FriyeFriye disclosed in an SEC filing, launching a $1 million non-brokered equity financing round. The placement is structured to close in March 2015 should the fundraising target not be reached. The company didn’t report selling securities thus far. This is the first time Friye is offering securities under a registration exemption. Interested investors may have access to the offering’s confidential documents on the company’s website.

The company is developing a voice controlled web and phone application to broadcast e-how and e-learning material. A Friye (friend in your ear) is a set of step by step audio instructions describing how to do something combined with hands free navigation. The company is positioning itself as a platform to attract experts in all fields from all over the world to create and sell Friyes to end users looking for expert guidance.

The company, headquartered in Colorado Springs CO, was registered in 2013. No revenues were reported by the company.
The executive team includes Wen Boley.

Offering recap
Status: Launched
Company: Friye
Industry: Other Technology
Amount offered: $1 million

Online teacher certification program is in the market with $1 million equity offering


teachnow TeachNow an online alternative teacher certification program initiated a first close on its $1 million equity offering. The company placed 3% or $30,000 with six investors. The company started to sell its securities six days ago.

TeachNow develops and markets an online teacher prep focusing on effective and practical teaching leveraging digital tools and resources, virtual classroom, project work and clinical experience. Two curriculum are offered, one for $6,000 for the certification and the other for $23,800 for the master’s degree. The platform has a parnership with the University of the Pacific.

The company, headquartered in Washington DC, was founded in 2012 by Emily Feistritzer one of the nation’s foremost analysts of alternative teacher certification programs. The executive team includes Emily Feistritzer (CEO) and Kunali Sanghvi (Chief Learning Officer). The board of directors includes Richard Feistritzer.

Offering recap
Status: First close
Company: TeachNow
Industry: Other Technology
Amount offered: $1 million
Amount placed: $30,000
First sale: 12/31/13

College student portfolio network successfully placed its $600,000 equity offering with twelve investors


Seelio successfully completed its $600,000 equity offering which started last month. The non-brokered private placement was subscribed by twelve investors. Up to this point Seelio had raised an estimated $600,000 via one financing round. The equity offering’s expected net proceeds amount to $534,000 excluding $66,000 earmarked for the payment of officers’ salaries.

The company designed a social network for college students and educators to broadcast their portfolio. The company builds custom portfolio networks and galleries for engineering, design, and business programs to empower students to document their learnings and showcase their work.

Moses Lee (President, CEO and Co-founder) leads the Ann Arbor MI based company which was registered in 2011. Seelio reported revenues on or below $1 million for the latest fiscal year. The executive team includes David Jsa (Co-founder and CTO). The board of directors includes Steven Fireng and David Fry.

Offering recap:
Status: Completed/Final close
Company: Seelio
Industry: Other Technology
Amount offered: $600,000
Amount placed: $600,000

Curiosityville initiates a first close of $380,000 on its debt offering


A first close of $380,000 was initiated by Curiosityville on its fundraising effort started this month. 76% of the $500,000 non-brokered debt offering was placed with sixteen investors. The offering will remain open for a year during which the company may raise an additional $120,000. The company placed $415,000 with seven investors in December 2011.

Curiosityville developed an on and offline personalized play and learning platform for kids 3-8 and their parents. The platform incorporates learning activities and technology designed to enable parents to track their child’s progress in real-time and help them and caregivers to become a child’s first teacher and kids to become great learners.

Curiosityville, founded in 2011, is headquartered in Cockeysville MD. It is led by Susan Magsamen (President and Chief Executive Officer). Revenues were not available for the latest reporting period. The executive team includes Henry Harbin. The board of directors includes Frank Bonsal.

Offering recap:
Status: First close
Company: Curiosityville
Industry: Other Technology
Amount offered: $500,000
Amount placed: $380,000