Tagged: probiotic

Zen Monkey raised 20% of its equity financing


zen monkeyAccording to information disclosed by Zen Monkey, $100,000 was subscribed by one investor on May 12th 2014. Zen Monkey capped the non-brokered equity financing at $490,000. The offering will remain open until May 2015 while an additional $390,000 worth of securities is sold to investors. Until this disclosure Zen Monkey had raised an estimated $400,000 in unregistered securities via one previous financing round.

The company is manufacturer of breakfast food. Its breakfast product is composed of apple juice-soaked oatmeal combined with fruits, non fat probiotic yogurt and agave nectar. The product comes in three flavors: strawberry, blueberry, and apple cinnamon. The product is currently available at Whole Foods Markets on the West coast.

Eric Glandian (CEO) leads the Van Nuys CA based company which was registered in 2013. Zen Monkey elected to keep its revenues undisclosed.

The company has raised an estimated total of $500,000 via private unregistered security offerings.

Offering recap
Status: First close
Company: Zen Monkey
Industry: Other
Amount offered: $490,000
Amount placed: $100,000
First sale: 05-12-2014
Data as of: 05-19-2014

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Investors buy $500,000 worth of Probiotic Holdings’ equity


probiotic holdingsProbiotic Holdings disclosed placing 11% of its $4.5 million non-brokered equity. Based on the filing, four investors started to subscribe to the $500,000 first close on April 16th. An additional $4 million in funding is to be raised until the offering draws to a close in April 2015. A total of ten unregistered securities offerings closed by the company raised an estimated $12.43 million.

Probiotic Holdings is the parent company of SCD Probiotics and Proviera Biotech. The company commercializes probiotic technology and products, ranging from wellness supplements to all purpose cleaners, designed to improve individual health and respect the environment. SCD Probiotics’ technology includes efficient and beneficial micro-organisms for human and animal health, aquaculture, environmental remediation, waste treatment, and odor control among others. Proviera Biotech markets innovative green biochemicals powered by probiotics for the leather tanning industry. The world health organization defines probiotics as “live micro-organisms which, when administered in adequate amounts, confer a health benefit on the host”.

The company is headquartered in Kansas City MO. Revenues on or below $25 million were reported by Probiotic Holdings.
The executive team includes Matthew Wood.

The company has raised an estimated total of $12.93 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Probiotic Holdings
Industry: Other Technology
Amount offered: $4.5 million
Amount placed: $500,000
First sale: 04-16-2014
Data as of: 05-01-2014

Probiotic tea brewer in the market with $400,000 debt offering


East Coast Cultures, does business as Kombucha Brooklyn,  announced a first close of $120,000 via a fundraising effort initiated last month. 30% of the $400,000 non-brokered debt offering was placed with a single investor. The private placement will remain open for a year while an additional $280,000 is raised by the company. This debt offering is the first time the company taps into the US private placement market.

The company is a probiotic tea brewer that developed and sales three flavors of Kombucha in 16-oz bottles. The beverage is available in bottle throughout the Northeast and Mid-Atlantic region and “On Tap” at fifty locations. Kombucha sales tea culture, over the internet or face-to-face, to the most discerning palate offering premium organic brewing tea, flavoring packets, books, SCOBY (Symbiotic Culture of Bacteria and Yeast) as well as all the hardware necessary to bottle your own.

The company, headquartered in Brooklyn NY, is led by Eric Childs (Chief Executive Officer) and Jessica Childs. East Coast Cultures elected not to disclose its revenues.

Offering recap:
Status: First close
Company: East Coast Cultures
Industry: Other
Amount offered: $400,000
Amount placed: $120,000