Tagged: iOS

Connect Software reported the completion of a $10.33 million financing round


connect software$10.33 million was raised by Connect Software following the successful placement and issuance of its unregistered equity securities. A total of fifty-two investors participated to the non-brokered placement which started last Thursday. Until this disclosure Connect Software had raised an estimated $5 million in unregistered securities via one previous financing round.

Connect Software markets and develops a personal relationship management application (app). The smartphone and web app help users centralize and re-connect with friends and contacts gathered from phone and social networks including Twitter, Facebook, Foursquare, Instagram, LinkedIn and Google. The app shows on a map where contacts have checked in or posted something. The app can be used to send notifications to nearby connections or identify friends or contacts in a given city. The service is available for iOS and on the web.

Ryan Allis (President) leads the San Francisco CA based company which was registered in 2013. No revenues were reported by the company.
The executive team includes Anima Sarah Lavoy.
The board of directors includes Zhoujia Bao.

The company has raised an estimated total of $15.33 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Connect Software
Industry: Other Technology
Amount offered: $10.33 million
Amount placed: $10.33 million
First sale: 10-23-2014
Data as of: 10-28-2014

For more information visit www.XDATA.co

Advertisements

BackFlip Technologies disclosed information on its $500,000 debt issuance


XDATA – September 3rd 2014

backflip technologies BackFlip Technologies reported selling 64% of its debt issuance via a subscription which launched in July 2012. According to the information disclosed, seventeen subscribers ponied up $320,000 out of the $500,000 the company expected to raise. The offering, according to the information, is structured as indefinite and is to remain open until an additional $180,000 is raised. This is the first debt financing done by the company under a registration exemption.

BackFlip Technologies markets and develops a mobile application called iFlipd which allows users to rent e-books on a pay-as-you-go basis for $2 per book per week. The application is available for iOS enabled mobile devices.

The company was registered in 2013 and has its headquarters located in Lake Oswego OR. BackFlip Technologies kept its revenues undisclosed.
The executive team includes Dylan Anderson and Katherine Radziwon.
The board of directors includes Kevin Merritt.

Offering recap
Status: First close
Company: BackFlip Technologies
Industry: Other Technology
Amount offered: $500,000
Amount placed: $320,000
First sale: 07-13-2012
Data as of: 04-23-2014

For more information visit www.XDATA.co

iM5 reached the $325,000 mark raised via its debt financing


Change: offered +0% / raised +189% / placed 43%

im5iM5 disclosed having increased subscription by 189% on its $750,000 debt financing. An additional $213,000 worth of securities was placed by the company with six investors since the company last released data almost a year ago. This brings to $325,000 the amount raised from the eight backers who subscribed to the offering. The subscription will close either once the offering is sold in full or in the last couple of months, whichever one comes first. The company is issuing unregistered securities for the first time.

iM5 develops and markets a free social network organized around crowdsourcing ideas and engagement based on common interests. The platform is exclusively dedicated to foster users’ intent of taking real-life action, whether it’s finding upcoming events, achieving personal goals, or collaborating to create social change. The application is available for iOS and Android.

Thomas Klein (CEO) leads the Mt. Pleasant SC based company which was registered in 2012. iM5 kept its revenues undisclosed.
The board of directors includes Andre Refay.

Offering recap
Status: Intermediary close
Company: iM5
Industry: Other Technology
Amount offered: $750,000
Amount placed: $325,000
First sale: 08-19-2013
Data as of: 06-06-2014

Photofy re-opened its offering to place $145,000 more


Change: offered +24% / raised +24% / placed 100%

photofyPhotofy re-opened and closed its unregistered equity offering after increasing the placement’s size from $605,000 to $750,000. It appears all the remaining $145,000 worth of securities were placed among the eleven investors that were already disclosed in Photofy’s filing almost six months ago. At the time they had invested $605,000 in the financing round. It took six months for the offering to be fully subscribed and close. This was the first offering under regulation D filed by Photofy.

Photofy markets and develops a free photo-enhancement application (app) for mobile phones. The app offers thousands of professionally designed typography, graphics, stickers, and frames to enhance users’ pictures. The app also features easy sharing via social media as well as business tools for social commerce around photography and photo driven brand-engagement. The app is available for iOS and Android.

Jonathan Lanasa (President) leads the Raleigh NC based company which was registered in 2013. Photofy kept its revenues undisclosed.
The executive team includes Jesse Flores.
The board of directors includes James Goodmon.

Offering recap
Status: Completed
Company: Photofy
Industry: Other Technology
Amount offered: $750,000
Amount placed: $750,000
First sale: 11-26-2013
Data as of: 06-02-2014

Storypress re-opened its offering to place $15,000 more


Change: offered +6% / raised +6% / placed 100%

storypressStoryPress re-opened and closed its unregistered equity offering after increasing the placement’s size from $250,000 to $265,000. It appears all the remaining $15,000 worth of securities were placed among the six investors that were already disclosed in StoryPress’ filing on April 18th. At the time they had invested $250,000 in the financing round. It took one month for the offering to be fully subscribed and close. The offering’s expected net proceeds amount to $215,000, excluding $50,000 earmarked for the payment of officers’ salaries. The company closed three unregistered private placements which raised an estimated $340,000.

The company developed a mobile application (app) to capture spoken stories, illustrate them and save them on the cloud. The application allows users to create and collect audio stories and easily save them as an audio book as well as share them via e-mail or social media. The app is in beta testing for now and will be available for iOS and Android.

Mike Davis (CEO) leads the Cedar Park TX based company which was registered in 2012. Revenues on or below $1 million were reported by StoryPress.

The company has raised an estimated total of $605,000 via private unregistered security offerings.

Offering recap
Status: Completed
Company: StoryPress
Industry: Other
Amount offered: $265,000
Amount placed: $265,000
First sale: 04-05-2014
Data as of: 05-06-2014

Exo Labs filed for first close after raising 69% of its financing round


exo labs$343,000 worth of mezzanine securities started to be placed by Exo Labs a little over a week ago. Based on the information disclosed, a total of nine investors bought 69% of the $500,000 security offering. $157,000 in additional funding can be raised before April 2015 based on the placement’s structure. Two previous unregistered financing rounds raised an estimated $2.64 million. The company also raised $36,000 on kickstarter in mid 2013.

The company designed a microscope camera that plugs into virtually any microscope and streams the image to an iPad, where users can then take photos, make annotations, measurements, and more. The camera has been created with students in mind, specifically to engage them and help them interact with what they see using a tool they are familiar with.

The company, headquartered in Seattle WA, is led by Michael Baum (CEO). Exo Labs kept its revenues undisclosed.

The executive team includes Jeffrey Stewart.
The board of directors includes John Harris, Jong Lee and Mark Li.

The company has raised an estimated total of $2.98 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Exo Labs
Industry: Other Technology
Amount offered: $500,000
Amount placed: $343,000
First sale: 04-09-2014
Data as of: 04-17-2014

$400,000 unregistered debt financing and first close reported by BoardBookit


boardbookitBoardBookit disclosed hitting the market to raise $400,000 via debt issuance. $50,000 has already been subscribed by one financial backer. The non-brokered placement started almost two weeks ago. An additional $350,000 in funding is to be raised until the offering draws to a close in April 2015. A prior unregistered securities offering which raised an estimated $850,000 was completed by the company.

The company designed and markets a web portal as well as an iPad application (app) to help companies create and distribute material to board members. The company targets small and medium sized companies to streamline their investor relations related tasks. The app has been designed to be secure affordable and easy to use. The annual plan starts at $1,200. The company announced a few days ago that pursuant to a strategic alliance with the Angel Capital Association (ACA), ACA is going to provide the BoardBookit iPad app and secure board of director’s portal to ACA members.

Marion Lewis (President and CEO) leads the Pittsburgh PA based company which was registered in 2013. Boardbookit disclosed having revenues on or below $1 million.
The board of directors includes Jeanette Thomas.

The company has raised an estimated total of $900,000 via private unregistered security offerings.

Offering recap
Status: First close
Company: BoardBookit
Industry: Other Technology
Amount offered: $400,000
Amount placed: $50,000
First sale: 04-03-2014
Data as of: 04-14-2014

Yillio files new $220,000 equity financing round


yillioYillio expects to sell $220,000 worth of equity to investors in a non-brokered financing round. The equity offered hasn’t been subscribed yet by investors. Based on the information disclosed, the $220,000 offering is structured to remain open until February 2015 or when the fundraising cap is reached, whichever one comes first. The equity offering’s estimated net proceeds will amount to $150,000 which excludes $70,000 to be paid toward officers’ salaries. Up to now Yillio had raised an estimated $300,000 in unregistered securities via one previous financing round.

The company offers an online and mobile application (app) that allows users to discover, save and share merchants and gas stations offering promotions and deals based on their device’s GPS. The app is  free for users and available for iOS and Android. Yillio plans on monetizing the app on the merchant side.

M Reid Overcash (CEO) leads the Raleigh NC based company which was registered in 2012. Yillio elected to keep its revenues undisclosed.
The executive team includes Michael Wanyo, Tully Ryan and Vadim Droznin.
The board of directors includes Richard R Beaty and Robert K Adams.

Offering recap
Status: Launched
Company: Yillio
Industry: Other Technology
Amount offered: $220,000

Story telling app developer initiates a first close of $150,000


Backspaces initiated a first close of $150,000 on its $70,000 debt private placement. The first close was subscribed by a single investor. The offering will remain open for a year. This is the first private placement done by Backspaces in the US.

The company developed and markets an application for the iPhone which allows the user to easily tell stories with pictures and words and share them with others on a social network platform.

The company, headquartered in New York City, was founded in 2012 and is led by Adrian Sanders (President). Backspaces elected not to disclose its revenue range.

Offering recap:
Status: First close
Company: Backspaces
Industry: Other Technology
Amount offered: $750,000
Amount placed: $150,000
First Sale: 10/16/13

Stealthy payment platform completes $500,000 mezzanine financing


Clinkle successfully closed its $500,000 unsecured Class A convertible promissory note offering which was initiated last month. A single investor subscribed to the non-brokered placement. The investor is believed to be Sir Richard Branson. The company raised an estimated $25 million in seed funding this year.

Clinkle is in stealth mode and is said to be developing a platform to modernize the way people transact. The company is planning to introduce its payment platform next year and is developing iOS and Android applications.

Lucas Duplan (Chief Executive Officer) leads the San Francisco CA based company which was registered in 2012. Clinkle elected not to disclose its revenues.

Offering recap:
Status: Completed/Final close
Company: Clinkle
Industry: Other Technology
Amount offered: $500,000
Amount placed: $500,000