Tagged: online

Built In disclosed $730,000 first close


built inA total of $730,000 was raised by Built In as part of its $1.5 million unregistered private placement. The non-brokered equity securities started to be bought by six investors on May 19th. The offering will remain open until May 2015 while an additional $770,000 worth of securities is sold to investors. It appears to be the first time the company is filling a security offering under a registration exemption.

The company is behind a network of online local communities that offer job board for tech talent, create and curate exclusive content on local start-ups as well as host events and publish data on the tech sector.

The company, headquartered in Chicago IL, is led by Maria Katris (CEO). Built In elected to keep its revenues undisclosed.
The board of directors includes Matt Moog.

Built In is registered under the name Community Ventures.

Offering recap
Status: First close
Company: Built In
Industry: Other Technology
Amount offered: $1.5 million
Amount placed: $730,000
First sale: 05-19-2014
Data as of: 05-31-2014

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SkillBridge disclosed information on its $1 million debt issuance


skillbridgeSkillBridge reported selling 30% of its debt issuance via a subscription which launched a little over a week ago. According to the information disclosed, twelve subscribers ponied up $300,000 out of the $1 million the company expected to raise. The offering will remain open until May 2015 while an additional $700,000 worth of securities is sold to investors. This is the first debt financing done by the company under a registration exemption.

SkillBridge develops and markets an online talent marketplace for businesses to find top-quality yet affordable business freelancers for short-term projects.

Rajeev Jeyakumar (President) leads the New York NY based company which was registered in 2013. SkillBridge kept its revenues undisclosed.
The board of directors includes Bredesen (Brett) Lewis.

Offering recap
Status: First close
Company: SkillBridge
Industry: Other
Amount offered: $1 million
Amount placed: $300,000
First sale: 05-09-2014
Data as of: 05-16-2014

TomboyX raised 2% of its equity financing


tomboy exchangeAccording to information disclosed by Tomboy Exchange, $10,000 was subscribed by one investor on March 26th 2014. Tomboy Exchange capped the non-brokered equity financing at $500,000. An additional $490,000 in funding is to be raised until the offering draws to a close in March 2015. Until this disclosure Tomboy Exchange had raised an estimated $300,000 in unregistered securities via one previous financing round. The company also held a fundraising campaign on Kickstarter in 2013 raising $76,000.

The company launched the TomboyX brand to offer a line of curated clothing and accessories for women who look for menswear-inspired garments that are tailored to fit women’s curves.

The company was registered in 2012 and has its headquarters located in Seattle WA. Tomboy Exchange elected to keep its revenues undisclosed.
The executive team includes Fran Dunaway and Naomi Gonzalez.

The company has raised an estimated total of $310,000 via private unregistered security offerings.

Offering recap
Status: First close
Company: Tomboy Exchange
Industry: Other
Amount offered: $500,000
Amount placed: $10,000
First sale: 03-26-2014
Data as of: 04-02-2014

BigRentz files details on the completion of its financing round


bigrentzOne financial backer invested $250,000 in return for unregistered equity securities issued by BigRentz. The transaction completed one month ago via a non-brokered private placement. No offering was previously initiated by the company under a registration exemption with the SEC.

The company developed a full-service online broker for competitively-priced rental equipment targeting construction professionals and businesses. The website offers a one-stop shop to locate heavy equipment ranging from forklifts and backhoes to power generators and portable welders in almost every city in America.

The company, headquartered in Irvine CA, was registered in 2012. BigRentz elected to keep its revenues undisclosed.
The executive team includes Dallas Imbimbo and Nicholas Kovacevich.
The board of directors includes Stephen Jesson.

Offering recap
Status: Completed
Company: BigRentz
Industry: Other
Amount offered: $250,000
Amount placed: $250,000
First sale: 02-04-2014
Data as of: 03-21-2014

First close filed by virtual piano teacher, Playground Sessions, after raising 45%


playgroundPlayground Sessions initiated a first close after placing $800,000 with twelve investors. The company’s $1.76 million non-brokered equity financing started to sell almost two weeks ago. The offering will remain open until January 2015 while an additional $960,000 worth of securities is sold to investors. Two previous unregistered financing rounds raised an estimated $1.25 million.

The company designed a downloadable educational application (app) to learn how to play the piano while playing popular songs. It combines elements of gaming, such as real-time feedback and scoring, with modern learning techniques an engaging learning environment. The software company recommends to own a Midi or USB keyboard to take full advantage of the services such as progress visualization, otherwise it can be used for arrangements, print sheet music and access video song tutorials.

The company, headquartered in New York NY, is led by Christopher Vance (CEO). Playground Sessions elected to keep its revenues undisclosed. The executive team includes Christopher Vance. The board of directors includes Andrew Howlett, Michael Keriakos, Neil Munn and Terry Lewis.

Offering recap
Status: First close
Company: Playground Sessions
Industry: Other Technology
Amount offered: $1.76 million
Amount placed: $800,000
First sale: 2014-01-31

Online teacher certification program is in the market with $1 million equity offering


teachnow TeachNow an online alternative teacher certification program initiated a first close on its $1 million equity offering. The company placed 3% or $30,000 with six investors. The company started to sell its securities six days ago.

TeachNow develops and markets an online teacher prep focusing on effective and practical teaching leveraging digital tools and resources, virtual classroom, project work and clinical experience. Two curriculum are offered, one for $6,000 for the certification and the other for $23,800 for the master’s degree. The platform has a parnership with the University of the Pacific.

The company, headquartered in Washington DC, was founded in 2012 by Emily Feistritzer one of the nation’s foremost analysts of alternative teacher certification programs. The executive team includes Emily Feistritzer (CEO) and Kunali Sanghvi (Chief Learning Officer). The board of directors includes Richard Feistritzer.

Offering recap
Status: First close
Company: TeachNow
Industry: Other Technology
Amount offered: $1 million
Amount placed: $30,000
First sale: 12/31/13

Referly initiates first close of $300,000 on its debt private placement


A first close of $300,000 was initiated by Referly on its fundraising effort started this month. 30% of the $1 million non-brokered debt offering was placed with three investors. The company has a year to raise an additional $700,000 in funding. This is the second time the company is raising money. The prior financing round raised an estimated $1 million in debt. Investors include New Enterprise Associates, Ignition Partners and 500 Startups.

The company designed an online referral application for social networks. The company leverages affiliate linking programs and makes it easy for users to get a small percentage when they drive customers that make purchases to other sites. According to the company’s website, Referly is departing from its core concept following the acquisition of LaunchGram in February this year.

Danielle Morrill (President) leads the San Francisco CA based company which was registered in 2012. Referly elected not to disclose its revenues.

Offering recap
Status: First close
Company: Referly Inc
Industry: Other Technology
Amount offered: $1 million
Amount placed: $300,000

Online music lessons company successfully closed on a $90,000 equity private placement with five investors


Lessonface.com successfully completed its $90,000 equity offering which started last month. The non-brokered private placement was subscribed by five investors. This is the first time the company is raising money on the private placement market.

The company offers live, face-to-face music lessons taught over live video. The company launched its service in February 2013 after being in beta for about six months.

There are other players on the virtual music teaching market such as Playground Sessions which last financing round was in May 2013 and raised an estimated $1.25 million in total.

Claire Cunnigham (Founder and CEO) leads the Brooklyn NY based company which was registered in 2012. Lessonface.com elected not to disclose its revenues. The executive team includes Ashford Tucker (Business Develpment and Legal).

Offering recap:
Status: Completed/Final close
Company: Lessonface.com
Industry: Other Technology
Amount offered: $90,000
Amount placed: $90,000

Fundraising intelligence engine for nonprofits raised $150,000 from one investor via debt issuance


DonorPath, Inc. announced a first close of $150,000 via a fundraising effort initiated this month. 38% of the $400,000 non-brokered debt offering was placed with a single investor. The company expects to raise an additional $250,000 to close the offering within a year. A prior offering by the company raised an estimated $350,000. The company is backed by Dundee Venture Capital which invested in the company in January 2013.

The company develops and markets a fundraising Intelligence platform that enables nonprofit organizations to use their time and resources. The platform is designed to simplify, analyze and visualize users’ fundraising data and matches them with a fundraising expert for a virtual coaching partnership based on budget and mission.

In late May, GIVINGtrax, a company which provides web and mobile  tools for managing donations, corporate giving, cause marketing, volunteerism and fundraising, raised $20,000.

Brian Lauterbach (Founder and President) leads the Chicago IL based company which was registered in 2012. DonorPath, Inc. elected not to disclose its revenues. The executive team includes Ken Ballard (CTO), Natalie Ezzie (Community Services), Ryan Gallentine (Community Engagement) and Julie Stogsdill (DonorPath Foundation). The board of directors includes Sean Knierim and Mark Hasebroock.

Offering recap:
Status: First close
Company: Donorpath, Inc.
Industry: Other Technology
Amount offered: $400,000
Amount placed: $150,000

Online proctoring company closes on $1 million equity financing


Secure Proctor LLC, which does business as examity, successfully placed in full its $1 million equity offering. Eleven investors participated to the non brokered placement. This is the first known US private placement initiated by the company which had revenues below $1 million.

examity developed a software solution to maintain the integrity of online tests and certifications. The company did so based on the increasing demand for online courses, the need to take exams remotely and that 70% of respondents of a 2011 Rutgers University national survey admitted to cheating on exams. The company provides a flexible solution for administrators to choose the adequate security level best suited for a given exam. examity offers four security levels from simple identity confirmation to live proctoring with tests analysis and audit.

The company, located in Needham MA, is the brainchild of Michael London (President and CEO) who created the company in October 2012. The management team includes Shailu Tipparaju (CTO) and Randy Grosberg (Sales).