Tagged: local

MyNeighbor disclosed information on its $500,000 debt issuance


 share2give MyNeighbor reported selling 33% of its debt issuance via a subscription which launched on October 15th. According to the information disclosed, seven subscribers ponied up $165,000 out of the $500,000 the company expected to raise. The offering will remain open until October 2015 while an additional $335,000 worth of securities is sold to investors. The company hasn’t previously offered unregistered securities.

MyNeighbor markets and develops a social impact local collaborative consumption and sharing platform. The application (app) allows users to source goods and services from neighbors. For those charging a fee the app enables them to pledge some or all of their earnings to local non-profits.

MyNeighbor, registered in 2014, is headquartered in Seattle WA. It is led by Brendan Benzing (CEO and President). Revenues remained undisclosed.

MyNeighbor is registered under the name Share2give

Offering recap
Status: First close
Company: MyNeighbor
Industry: Other Technology
Amount offered: $500,000
Amount placed: $165,000
First sale: 10-15-2014
Data as of: 10-29-2014

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Curated e-marketplace for local artisans, Strolby, raised $396,000 in equity at first close


strolbyStrolby 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.

Offering recap
Status: First close
Company: Strolby
Industry: Retailing
Amount offered: $450,000
Amount placed: $396,000
First sale: 05-15-2014
Data as of: 06-10-2014

$1 million fundraising launched by Tenant King


tenant kingTenant King disclosed in an SEC filing, launching a $1 million non-brokered equity financing round. The placement is structured to close in June 2015 should the fundraising target not be reached. The company didn’t report selling securities thus far. This is the first time the company is filling a security offering under a registration exemption with the SEC.

Tenant King develops a community platform for neighbors and their neighborhood. The goal is to strengthen communities via the creation of private networks. The platform allows verified members to buy, sell, swap goods and services, organize community activities or simply anonymously voice concerns about the building’s management. The platform started to offer its services to tenants living in Long Island City, New York.

The company was registered in 2013 and has its headquarters located in Bedford NY. Tenant King elected to keep its revenues undisclosed.
The executive team includes Michael Rossi.

Offering recap
Status: Launched
Company: Tenant King
Industry: Other Technology
Amount offered: $1 million
Data as of: 06-09-2014

Evergreen Digital Media files new $250,000 equity financing round


evergreen digital mediaEvergreen Digital Media expects to sell $250,000 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 $250,000 offering is structured to remain open until May 2015 or when the fundraising cap is reached, whichever one comes first. This is the first time the company is filling a security offering under a registration exemption with the SEC.

The company is a community based advertising network developer for small businesses. The company uses cellular-based digital media screens that can be deployed anywhere there is an outlet and a cell signal. Content and screen activity is controlled through a web portal.

The company, headquartered in Lakewood CO, is led by Donald Winfrey (CEO and Chief Financial Officer). Evergreen Digital Media elected to keep its revenues undisclosed.
The executive team includes John Hernandez and Phil Salice.

Offering recap
Status: Launched
Company: Evergreen Digital Media
Industry: Other
Amount offered: $250,000
Data as of: 05-16-2014

TreeHouse files for first close after selling 71%


treehouseA first close of $500,000 was initiated by TreeHouse on its $700,000 equity offering. So far nineteen investors committed to the non-brokered placement which started a little over a week ago. Based on the offering’s structure, the company has until May 2015 to raise an extra $200,000. Two previous unregistered financing rounds raised an estimated $8.85 million.

The company is a green local home center and building supply retailer. The company curates all its products and scores them based on health, design, performance and sustainability, as well as the corporate responsibility of the companies who made them. The company also offers a turn-key residential solar program.

The company, headquartered in Austin TX, is led by Jason Ballard (President). TreeHouse elected to keep its revenues undisclosed.

The executive team includes Garrett Boone.
The board of directors includes Bruce Hc Hill and Justin Cox.

The company has raised an estimated total of $9.35 million via private unregistered security offerings.

Offering recap
Status: First close
Company: TreeHouse
Industry: Retailing
Amount offered: $700,000
Amount placed: $500,000
First sale: 05-06-2014
Data as of: 05-14-2014

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%

Local Market Launch reports the successful completion of its equity issuance


local market launchLocal Market Launch placed $1 million worth of securities as part of a non-brokered equity financing round. The placement which started a few days ago, attracted a total of eleven subscribers. Up to now Local Market Launch had raised an estimated $1.07 million in unregistered securities via one financing round. Rincon Venture Partners, an investor specialized in web-based businesses,  is among the company’s financial backers.

The company developed and markets a scalable dashboard solution to create, maintain, and monitor business listings and local presence across digital channels such as yellow pages, yelp, and search engines. The solution is especially relevant for national brands that cannot effectively manage local listing of their numerous storefronts.

Brian Coryat (Chief Executive Officer) leads the Santa Barbara CA based company which was registered in 2013. Mr. Coryat is the founder of ValueClick and Web-Ignite. Local Market Launch elected to keep its revenues undisclosed. The board of directors includes John Greathouse and Steven Umberger.

Offering recap
Status: Completed/Final close
Company: Local Market Launch
Industry: Other Technology
Amount offered: $1 million
Amount placed: $1 million
First sale: 2014-02-07

Local tour operator launches $1 million equity offering


Metjet Madison is in the market with a $1 million non-brokered equity offering. The offering is expected to close within a year. Four previous private placements were initiated via an affiliated entity called MetJet, Inc. which raised an estimated $2 million.

MetJet is a public tour operator offering nonstop flights from the under-serviced Northeast Wisconsin area to key tourism and business destinations. The company operates as a non-asset based tour provider that charters flights from existing air carriers. The company started to operate in 2011 and offers nonstop flights to Orlando, Fort Myers, Cancun and Minneapolis. Proceeds are expected to be used to expand flights’ destinations.

Metjet Madison, registered in 2013, is headquartered in De Pere WI. It is led by Michael J. Heisman (CEO & Chairman of the Board). Revenues were not available for the latest reporting period.

Hyperlocal data app initiated first close of $550,000 on its private placement


Co Everywhere, formerly known as BlockAvenue, launched its $1 million convertible promissory note and closed on $550,000 with five investors last Thursday. The company will attempt to raise an additional $450,000 in funding before the end of the offering a year from now. Two previous financing rounds initiated by Co Everywhere raised an estimated $1 million.

The company develops and launched last week a mobile application (app) for hyperlocal data aggregation and filtering. The app allows users to draw an area ,which can be as large as a city or as small as a building, on a map . The app will then aggregate information from 1400 different online sources to give the user a picture of what has happened, is happening and will happen within that specific area.

Anthony “Tony” Longo, Jr. (Co-founder, President and CEO) leads the Boston MA based company which was registered in 2011. Co Everywhere elected not to disclose its revenues. The executive team includes Dan Adams (Co-founder and CTO), Ian Ynda-Hummel (Mobile app) and Melki KO (Business development). The board of directors includes Philip Soloman.

Offering recap:
Status: First close
Company: Co Everywhere
Industry: Other Technology
Amount offered: $1 million
Amount placed: $550,000