Tagged: natural

Natural Food Works disclosed information on its $750,000 debt issuance


natural food worksNatural Food Works reported selling 55% of its debt issuance via a subscription which launched almost two weeks ago. According to the information disclosed, nine subscribers ponied up $415,000 out of the $750,000 the company expected to raise. $335,000 in additional funding can be raised before April 2015 based on the placement’s structure. A prior unregistered securities offering which raised an estimated $1.7 million was completed by the company.

The company is a food manufacturer for natural and organic brands. The company can manufacture extruded, enrobed products, granolas, cereals, oatmeals and mixes, dehydrated foods and pasta sauces. The company offers three certifications, organic, kosher and gluten-free.

Robert Caseria leads the Denver CO based company. Natural Food Works was registered in 2013. Natural Food Works kept its revenues undisclosed.

The board of directors includes Brian Morrow, George Peinado, Kevin Malloy, Michael Silverman, Ohsang Kwon, Richard Lappen and Ross Shell.

The company has raised an estimated total of $2.11 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Natural Food Works
Industry: Manufacturing
Amount offered: $750,000
Amount placed: $415,000
First sale: 04-27-2014
Data as of: 05-07-2014

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Soapbox Soaps re-opened and upped its offering cap to receive $260,000 in commitments


Change: offered +164% / raised +108% / placed 79%

soapbox soapSoapbox Soaps re-opened and upped its debt financing to $330,000 from $125,000 after selling additional securities. A total of two additional backers invested $135,000 in the company’s offering. The prior information, filed almost six months ago, stated one investor had committed $125,000. Soapbox Soaps’ offering has $70,000 left up for subscription. The offering’s expected net proceeds will amount to $326,000 which excludes $4,000 to be paid toward officers’ salaries. The subscription is structured to close once the 21% left is fully subscribed or in six months at the latest. The company closed three unregistered private placements which raised an estimated $2 million.

The company markets natural soap with a purpose. The company donates either one bar of soap, fresh water or vitamin supplement to a child in need for every bar of soap purchased. The company donates in the US and also abroad. The company’s products include bar ($4.99) and liquid soap ($6.99) and it is in the process of launching body wash. Soaps contain gluten free ground oatmeal, organic shea butter and sea salt. They are free of palm oil, parabens, phthalates, sodium lauryl sulfate and other petrochemicals.

The company, headquartered in Alexandria VA, is led by David W Simnick (CEO and Co-founder). Soapbox Soaps kept its revenues undisclosed.
The executive team includes Daniel Doll.

The company has raised an estimated total of $2.26 million via private unregistered security offerings.

Offering recap
Status: Intermediary close
Company: Soapbox Soaps
Industry: Retailing
Amount offered: $330,000
Amount placed: $260,000
First sale: 10-02-2013
Data as of: 03-20-2014

Pet food manufacturer, Petbrosia, disclosed its equity placement was 56% completed


Change: offered +0% / raised +54% / placed 56%

petbrosiaAccording to the information disclosed by Petbrosia, subscription to its $1.25 million equity issuance increased by 54%. An additional $250,000 worth of securities was placed by the company with three investors since the company last released data a little over a month ago. This brings to $700,000 the amount raised from the seven backers who subscribed to the offering. The subscription will close either once the offering is sold in full or in almost a year, whichever one comes first. This is the first time the company is offering securities under regulation D of the Securities Act of 1933.

The company manufactures and distributes pet food that is tailored to each cat or dog’s unique needs. Petbrosia’s website lets pet owners order custom made food blends based on natural ingredients. After responding to a questionnaire to know the pet, veterinarian and nutritionist designed algorithms which will craft the optimal blend of protein, carbohydrates, and fats based on the pet’s needs. The food’s blend automatically adjusts over time based on the pet’s past and new information provided. Delivery can also be automated.

Keith Johnson (CEO) leads the Cincinnati OH based company which was registered in 2013. Petbrosia kept its revenues undisclosed.
The board of directors includes Mark Dawes and Todd Federman.

Related article on the offering’s first close.

Offering recap
Status: Intermediary close
Company: Petbrosia
Industry: Other Technology
Amount offered: $1.25 million
Amount placed: $700,000
First sale: 01-27-2014
Data as of: 03-12-2014

Bespoke pet food manufacturer places $450,000 in equity


petbrosiaPetbrosia sold $450,000 worth of equity securities to four investors last week. The company expects its first private offering to fetch an additional $800,000 within a year.

The company manufactures and distributes pet food that is tailored to each cat or dog’s unique needs. Petbrosia’s website lets pet owners order custom made food blends based on natural ingredients. After responding to a questionnaire to know the pet, veterinarian and nutritionist designed algorithms will craft the optimal blend of protein, carbohydrates, and fats based on the pet’s needs. The food’s blend automatically adjusts over time based on the pet’s past and new information provided. Delivery can also be automated.

Keith Johnson (Chief Executive Officer) leads the Cincinnati OH based company which was founded in mid 2012. Revenues were not disclosed.

Offering recap:
Status: Fist close
Company: Petbosia
Industry: Other Technology
Amount offered: $1.25 million
Amount placed: $450,000
First Sale: 01/27/14

Final close of aPEEL Technologies’ $1.25 million seed round


aPEEL Technologies disclosed placing an additional $270,000 worth of Series Seed preferred shares. The $1.25 million non-brokered equity offering originally initiated a first close of $960,000 with twenty investors. It took the company about a month to close the financing round. This is the first placement made under an exemption by aPEEL. The company recently received a $100,000 grant from the Bill & Melinda Gates Foundation.

aPEEL developed and commercializes a technology for post harvest preservation. The company uses natural plant extracts that can be applied using a low cost spray coating procedure to create an ultra thin barrier to prevent fruits and vegetables’ water loss and oxidation (ediPEEL) or even disguise them so they are not recognizable by bacteria, fungi or pests (invisiPEEL). The technology enhances shelf life, reduces the amount of refrigeration required to keep the products fresh, and reduces spoilage. The ingredients for the product’s formulation come directly from wasted organic matter therefore making the technology very affordable and suitable for developing countries’ farmers.

James Rogers (Founder, President and CEO) leads the Santa Barbara CA based company which was registered in 2012. The executve team includes Jenny Du (Extraction Engineer) and Brian Stahl (Deposition Engineer).
The board of directors includes John Petote and Jason Spievak.

Offering recap:
Status: Final close
Company: aPEEL Technologies
Industry: Other
Amount offered: $1.25 million
Amount placed: $1.25 million
First Sale: 12/31/13

aPEEL Technologies raised an additional $20,000 in seed equity


According to a document filed with the SEC, aPEEL Technologies disclosed placing an additional $20,000 with one investor. The $1.25 million non-brokered equity offering originally initiated a first close of $960,000 with twenty investors. This is the first time the company is raising money under an exemption on the private placement market. The company recently received a $100,000 grant from the Bill & Melinda Gates Foundation.

The company developed and commercializes a technology for post harvest preservation. The company uses natural plant extracts that can be applied using a low cost spray coating procedure to create an ultra thin barrier to prevent fruits and vegetables’ water loss and oxidation (ediPEEL) or even disguise them so they are not recognizable by bacteria, fungi or pests (invisiPEEL). The technology enhances shelf life, reduces the amount of refrigeration required to keep the products fresh, and reduces spoilage. The ingredients for the product’s formulation come directly from wasted organic matter therefore making the technology very affordable and suitable for developing countries’ farmers.

James Rogers (Founder, President and CEO) leads the Santa Barbara CA based company which was registered in 2012. The executve team includes Jenny Du (Extraction Engineer) and Brian Stahl (Deposition Engineer).
The board of directors includes John Petote and Jason Spievak.

Offering recap:
Status: Second close
Company: aPEEL Technologies
Industry: Other
Amount offered: $1.25 million
Amount placed: $980,000
First Sale: 12/31/13

Smoked hummus manufacturer announces first close of $239,000 on its $338,000 equity offering


Baby Zach’s Fine Foods, Inc. placed 70% of its $338,000 non-brokered equity offering with two investors as part of a funding agreement signed three months ago. The company expects to raise an additional $98,000 to close the offering within a year. This is the first the company taps into the US private placement market.

The company manufactures the original smoked hummus which comes in many flavors from smoked traditional to spicy smoked red bean cajun. The company develops fusion food around the apple wood smoked theme with 100% natural ingredients and no liquid smoke. Products are available in many stores throughout Texas.

Zach Gultz (President) leads the Austin TX based company which was registered in 2011. Baby Zach’s Fine Foods Inc reported revenues on or below $1 million for the latest fiscal year.

Offering recap:
Status: First close
Company: Baby Zach’s Fine Foods Inc
Industry: Manufacturing
Amount offered: N/A
Amount placed: $239,000