Tagged: health

$1 million unregistered debt financing and first close reported by Synced


syncedSynced disclosed being in the market to raise $1 million via debt issuance. Apparently 15% or $150,000 has already been subscribed by two investors. The non-brokered placement started one month ago. An additional $850,000 in funding is to be raised until the offering draws to a close in April 2015. The company hasn’t previously offered unregistered securities.

Synced designs, develops and markets a mobile software as a service (SaaS) platform geared toward companies to energize their health and wellness programs. The application features tools to engage and motivate employees to be healthy as well as reward them.

Synced, registered in 2014, is headquartered in New York NY. It is led by Andrew Ferenci (CEO). Revenues remained undisclosed.
The executive team includes William S Paladini.

Offering recap
Status: First close
Company: Synced
Industry: Other Technology
Amount offered: $1 million
Amount placed: $150,000
First sale: 04-30-2014
Data as of: 05-30-2014

Applied Bioresearch is in the market with a $750,000 investment round


Applied Bioresearch launched a $750,000 non-brokered equity offering based on information filed with the SEC. The subscription to the equity offering hasn’t started yet. The offering is structured to remain open until May 2015 or when the fundraising cap is reached, whichever one comes first. Two previous unregistered financing rounds raised an estimated $750,000.

The company is a research and development company in stealth mode. The company is combining several technologies to explore new solutions to the most pressing problems in biotechnology and healthcare.

The company, led by Kendal Svedeen, is headquartered in Draper UT. No revenues were reported by the company.

Offering recap
Status: Launched
Company: Applied Bioresearch
Industry: Pharmaceuticals
Amount offered: $750,000
Data as of: 05-30-2014

Mindoula Health reports successful placement of its mezzanine securities


mindoulaA $175,000 unregistered mezzanine investment round initiated by Mindoula Health was subscribed by four financial backers. According to the information disclosed, the placement started a week ago and was fully subscribed. No offering was previously initiated by the company under a registration exemption with the SEC.

Mindoula Health develops and markets remote or in-person behavioral health care management services. The company targets hospital and treatment centers, primary care physician practices, as well as patients and their families.

The company was registered in 2013 and has its headquarters located in Bethesda MD. Mindoula Health disclosed having revenues on or below $1 million.
The executive team includes Steven Sidel.

Offering recap
Status: Completed
Company: Mindoula Health
Industry: Other Technology
Amount offered: $175,000
Amount placed: $175,000
First sale: 05-16-2014
Data as of: 05-23-2014

Investors buy $500,000 worth of Probiotic Holdings’ equity


probiotic holdingsProbiotic Holdings disclosed placing 11% of its $4.5 million non-brokered equity. Based on the filing, four investors started to subscribe to the $500,000 first close on April 16th. An additional $4 million in funding is to be raised until the offering draws to a close in April 2015. A total of ten unregistered securities offerings closed by the company raised an estimated $12.43 million.

Probiotic Holdings is the parent company of SCD Probiotics and Proviera Biotech. The company commercializes probiotic technology and products, ranging from wellness supplements to all purpose cleaners, designed to improve individual health and respect the environment. SCD Probiotics’ technology includes efficient and beneficial micro-organisms for human and animal health, aquaculture, environmental remediation, waste treatment, and odor control among others. Proviera Biotech markets innovative green biochemicals powered by probiotics for the leather tanning industry. The world health organization defines probiotics as “live micro-organisms which, when administered in adequate amounts, confer a health benefit on the host”.

The company is headquartered in Kansas City MO. Revenues on or below $25 million were reported by Probiotic Holdings.
The executive team includes Matthew Wood.

The company has raised an estimated total of $12.93 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Probiotic Holdings
Industry: Other Technology
Amount offered: $4.5 million
Amount placed: $500,000
First sale: 04-16-2014
Data as of: 05-01-2014

Nu-med Plus disclosed full placement of its $130,000 offering


Change: offered +0% / raised +160% / placed 100%

num med plusNu-med Plus initiated the final close of its $130,000 equity offering. It appears the investor behind the close is the same as disclosed in the company’s latest filing six months ago. The investor’s original commitment stood at $50,000. Up to now Nu-med Plus had raised an estimated $125,000 in unregistered securities via one financing round.

The company develops and commercializes products around its proprietary nitic oxide gas formulation platform.  According to the company, nitric oxide gas has the potential for treating diseases from malaria to the common cold. Inhaled nitric oxide dilates the pulmonary vessels, lowers pulmonary artery pressure, and restores ventilation/perfusion balance in the lungs without significantly affecting the systemic circulation or blood pressure.

The company, headquartered in Salt Lake City UT, is led by Jeffrey L Robins (CEO). No revenues were reported by the company.

The executive team includes Craig W Morrison and William Grant Moon.

In a concurrent filing, Nu-med Plus disclosed having raised $122,000 in a fully subscribed offering.
The company has raised an estimated total of $377,000 via private unregistered security offerings.

Offering recap
Status: Completed
Company: Nu-med Plus
Industry: Biotechnology
Amount offered: $130,000
Amount placed: $130,000
First sale: 10-28-2013
Data as of: 04-30-2014

Willpower Labs filed for first close after raising 18% of its financing round


$215,000 worth of mezzanine securities started to be placed by Willpower Labs on April 15th. Based on the information disclosed, a total of eleven investors bought 18% of the $1.2 million security offering. An additional $985,000 in funding is to be raised until the offering draws to a close in April 2015. Unregistered securities don’t appear to have been previously sold by the company.

The company seems to be a health startup in stealth mode which will launch a brand called MealEnders. The company is designing appetite control, weight loss, and dietary supplements and preparations in various forms, namely, mints, pills, chewing gum, dissolving strips, shots, drinks, drops, sprays, toothpaste, toothpicks, dental floss, and lozenges.

Mark Bernstein (CEO) leads the San Francisco CA based company which was registered in 2013. Willpower Labs kept its revenues undisclosed.

Offering recap
Status: First close
Company: Willpower Labs
Industry: Other
Amount offered: $1.2 million
Amount placed: $215,000
First sale: 04-15-2014
Data as of: 04-30-2014

Fitwall placed $1 million with one investor


fitwall venturesOne undisclosed financial backer bought $1 million worth of equity offered by Fitwall Ventures. According to the filing, it was a little over a week ago that 11% of the $9 million non-brokered offering was subscribed. An additional $8 million in funding is to be raised until the offering draws to a close in March 2015. Until this disclosure Fitwall Ventures had raised an estimated $3 million in unregistered securities via one previous financing round.

The company is behind the branded fitness studios that developed the 40-minute, vertical workout on proprietary walls designed for strenght, cardio and flexibility. Users can do 900 different moves on the wall and north of 9,000 with accessories. Users can monitor their heart rate and measures performance on iPads while connecting with other Fitwall athletes via social tools. The company has currently two studios in La Jolla and Solana Beach in California.

Joshua Weinstein (CEO) leads the Portland OR based company which was registered in 2012. Fitwall Ventures elected to keep its revenues undisclosed.
The executive team includes Anthony Webb and Joseph Bergeron.
The board of directors includes Anthony Westreich, Douglas Brendle and Ethan Penner.

The company has raised an estimated total of $4 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Fitwall Ventures
Industry: Other
Amount offered: $9 million
Amount placed: $1 million
First sale: 03-26-2014
Data as of: 04-04-2014

Mrs Erb’s Sustainable Foods reached its $100,000 fundraising target


mrs erb's sustainable foodsBased on information filed with the SEC, Mrs Erb’s Sustainable Foods reported the successful subscription and close of its non-brokered equity financing. One financial backer invested $100,000 almost two weeks ago. No offering was previously initiated by the company under a registration exemption with the SEC.

The company is behind Chia Star a chia seed-based beverage that comes in various flavors such as Blackberry Lime Refresh, Peach Green Tea Fusion, Pineapple Honey Love and Lemon Berry Splash. The beverage is hand crafted and micro-batched in Vermont, adjustments are made with each batch until the flavor is perfected. All flavors of Chia Star are vegan, gluten free, non GMO, and certified organic. Most of the flavors use organic stevia leaf as sweetener.

The company, headquartered in Denville NJ, is led by Sara Erb (President). Mrs Erb’s Sustainable Foods elected to keep its revenues undisclosed.
The executive team includes Audrey Erb.
The board of directors includes David Walters, Gary Madia, Jason Pouncy and Wayne Erb.


Offering recap
Status: Completed
Company: Mrs Erb’s Sustainable Foods
Industry: Other
Amount offered: $100,000
Amount placed: $100,000
First sale: 03-05-2014
Data as of: 03-17-2014

Subscriptions to VirtualU’s equity issue increased


Change: offered +0% / raised +29% / placed 67%

virtualuVirtualU reported in a document filed with the SEC that its $500,000 equity offering is 67% subscribed as of the filing date. Prior investors ponied up an additional $80,000. They had previously subscribed to $260,000 in securities according to another filing disclosed today. So far, ten backers committed $340,000 to VirtualU’s offering. The offering’s expected net proceeds will amount to $170,000 which excludes $340,000 to be paid toward officers’ salaries. The subscription will close either once the offering is sold in full or in one month, whichever one comes first. The company had disclosed a first close of $150,000 in May 2013 that was reported by Random Research.

It seems the company’s marketing approach was refined since we last reported on the company. At the time we thought the focus was on fashion and apparel online shopping, but it seems its first technology application is for the fitness market. VirtualU builds scanners to digitalize human bodies as well as consumer products in order to integrate them into interactive online environments. The company came out with VFit to track users body changes. The scanner is available at select gyms for now. It takes ten seconds for the scanner to render a hyper-realistic model of the users and their key statistics including: height, weight, BMI, fat %, lean muscle mass, waistline and resting heart rate. The users can monitor data from their smart phones and even share it with their personal trainers. With nine million + data points captured the application will report the slightest changes to users.

Louis Cirillo (President and CEO) leads the Blacksburg VA based company which was registered in 2012. Revenues were not reported. The executive team includes Caroline Pugh (COO) and Nicholas Gagianas (CMO – Chief Modeling Officer).

Offering recap
Status: Intermediary close
Company: VirtualU
Industry: Other Technology
Amount offered: $500,000
Amount placed: $340,000

MindBodyGreen.com quietly raised $1.24 million two months ago


mindbodygreenMindBodyGreen disclosed selling $1.24 million worth of equity securities as part of a new financing round. The financing which started to sell a couple of months ago was subscribed in full by thirty-one investors. This is not the first time the company files unregistered securities with the SEC according to a concurrent filing. The company is backed by Wasatch Mountains’ incubator Summit.

The company developed and markets a media platform about wellness. The goal of the free site is to provide all the necessary knowledge for people to have a holistic approach to wellness. The platform is according to the company “one of the fastest growing media brand in wellness” with 10 million+ monthly unique visitors.

The company is headquartered in Brooklyn NY. Revenues on or below $5 million were reported by MindBodyGreen. The executive team includes Jason Wachob, Stephen Carver Anderson and Timothy Glenister. The board of directors includes Arthur Pergament and Jay Faires.

In a concurrent filing, MindBodyGreen disclosed having raised $640,000 in a fully subscribed offering (A filing that should have been filed 1+ year ago). The company has raised an estimated total of $1.88 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: MindBodyGreen
Industry: Other
Amount offered: $1.24 million
Amount placed: $1.24 million
First sale: 2013-12-18