Tagged: on-demand

On-demand fashion brand AYR unveils details on its $6.23 million unregistered offering


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XDATA – June 24th 2016
After twenty financial backers subscribed to 88% of its equity financing round, AYR disclosed initiating a first close after raising $5.5 million. The subscription to the $6.23 million non-brokered private placement started a week ago according to information filed with the SEC. Based on the offering’s structure, the company has until June 2017 to raise an extra $735,000. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.
The company is an on-demand women’s apparel brand that makes high-quality pieces designed for everyday life. The company spun-out of Bonobos. Investors include Leandra Medine, Scott Morrison, Hayley Barna (First Round Capital), and Andy Dunn (Bonobos).
AYR, registered in 2016, is headquartered in New York NY. It is led by Margaret Winter (CEO). Revenues were not disclosed.
The executive team includes Alexander Reich, Jacqueline Cameron and Max Bonbrest.
The board of directors includes Andrew Dunn, Jack Schwefel and Sanderson Cass.
Offering recap
Status: First close
Company: AYR
Industry: Retailing
Amount offered: $6.23 million
Amount placed: $5.5 million
SEC filing: Source
First sale: 06-17-2016
Data as of: 06-24-2016
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Good Uncle unveils details on its $5 million unregistered offering


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XDATA – February 11th 2016
After thirty-nine financial backers subscribed to 44% of its equity financing round, Good Uncle disclosed initiating a first close after raising $2.19 million. The subscription to the $5 million non-brokered private placement started a little over a week ago according to information filed with the SEC. The offering will remain open until February 2017 while an additional $2.81 million worth of securities is sold to investors. This is the first time Good Uncle is selling securities under a registration exemption.
The company is focused on licensing iconic and up-and-coming restaurants’ signature item and expand access to these dishes across secondary and tertiary markets with innovative local kitchens and consumer-facing ordering technologies.
Matt Doumar (Co-Chief Executive Officer) leads the New York NY based company which was registered in 2015. Good Uncle elected to keep its revenues undisclosed.
The executive team includes Wiley Cerilli.
The board of directors includes Angus Davis.

Good Uncle is registered under the name Rosco & Benedetto Co..

Offering recap
Status: First close
Company: Good Uncle
Industry: Other Technology
Amount offered: $5 million
Amount placed: $2.19 million
SEC filing: Source
First sale: 02-02-2016
Data as of: 02-11-2016

Late filer Handy reported raising $15.19 million via private placement


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Late filer Handy successfully completed a $15.19 million non-brokered equity financing round. A total of seven investors started to subscribe to the round last December. Until this disclosure Handy had raised an estimated $29.98 million in unregistered securities via one previous financing round.
Handy markets and develops a platform for on-demand next-day home-improvement and cleaning services from screened service providers. Investors include General Catalyst Partners and Highland Capital Partners.
The company, headquartered in New York NY, is led by Oisin Hanrahan (President). Handy elected to keep its revenues undisclosed.
The executive team includes Umang Dua.
The board of directors includes Joel Cutler, Robert Davis, Scott Hilleboe and Youngme Moon.

The company has raised an estimated total of $45.17 million via private unregistered security offerings.
In addition, the company reported in the past issuing an estimated $5.48 million worth of securities as part of M&A transactions.

Handy is registered under the name Handy Technologies.

Offering recap
Status: Completed
Company: Handy
Industry: Other Technology
Amount offered: $15.19 million
Amount placed: $15.19 million
SEC filing: Source
First sale: 12-17-2014
Data as of: 05-05-2015

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Fandor issues $18.08 million worth of equity as investors convert their bridge notes


our film festival Fandor disclosed placing 90% of its $20.08 million non-brokered equity issuance. Based on the filing, four investors subscribed to the $18.08 million first close a couple of months ago. The issuance includes $16 million worth of equity related to the conversion of convertible bridge notes. Until this disclosure Fandor had raised an estimated $2.42 million in unregistered securities via one previous financing round.

Fandor develops and markets an on-demand streaming service showcasing a broad library of independent and international movies specially curated to make discovering new and classic favorites easy and accessible. The company’s member-based service allows audiences to watch unlimited movies wherever they are: on TVs, computers and mobile devices.

The company is headquartered in San Francisco CA. Fandor elected to keep its revenues undisclosed.
The executive team includes Dan Aronson and Ted Hope.
The board of directors includes Chris Kelly and Kevin Iwashina.

The company has raised an estimated total of $20.5 million via private unregistered security offerings. Fandor is registered under the name Our Film Festival.

Offering recap
Status: First close
Company: Fandor
Industry: Other
Amount offered: $20.08 million
Amount placed: $18.08 million
First sale: 08-11-2014
Data as of: 10-10-2014

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