Tagged: localloop

LocalLoop’s financing garnered an additional $425,000

Change: offered +0% / raised +425% / placed 70%

localloopWith these new equity securities sold, LocalLoop Global’s $750,000 private placement is, as of the filing date, 70% completed. A total of nine additional backers invested $425,000 in the company’s offering. The prior information, filed almost a year and a half ago, stated one investor had committed $100,000. LocalLoop Global’s offering has $225,000 left up for subscription. The offering is structured as indefinite and will remain open until fully subscribed. Up to now LocalLoop Global had raised an estimated $20,000 in unregistered securities via one financing round.

The company develops a certification program and web-based rating tools for local and small businesses. The company aims at providing an objective rating, fair consumer review monitoring and verification process backed by third party survey to avoid customers relying on fake business reviews. The company offers businesses a platform with reporting services, search engine optimized profile page and custom URL among other things.

The company, headquartered in Edmonds WA, is led by Shawn Tacey (President). Revenues on or below $1 million were reported by LocalLoop Global.
The executive team includes Jason C Gaylord.

The company has raised an estimated total of $545,000 via private unregistered security offerings.

Offering recap
Status: Intermediary close
Company: LocalLoop Global
Industry: Other
Amount offered: $750,000
Amount placed: $525,000
First sale: 10-19-2012
Data as of: 04-10-2014