Tagged: rating

Unbound Concepts launched $550,000 mezzanine financing


unbound conceptsUnbound Concepts is in the market with a $550,000 non-brokered mezzanine placement. The placement, which hasn’t started to sell, is structured to close in June 2015 or once the placement is fully subscribed. One prior placement was closed under regulation D by the company and raised an estimated $1 million.

The company is the developer behind BookLeveler. The application provides reading level ratings for books once users scan the ISBN. It allows users to search for books based on level, grade or curriculum. The company gets data through crowd sourcing and also mines ebooks to extract details such as reading levels, topics, features and concepts. The data can then be leveraged by book sellers for recommendations and by teachers to match books to their students skills and interests.

The company, headquartered in Baltimore MD, is led by Katie Palencsar (CEO). Unbound Concepts kept its revenues undisclosed.
The executive team includes Heather Gilchrist, Julie Lenzer Kirk and Tom Murdock.

Offering recap
Status: Launched
Company: Unbound Concepts
Industry: Other Technology
Amount offered: $550,000
Data as of: 06-19-2014

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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

K-12 online assessment app announced a first close of $838,000


A first close of $838,000 was initiated by Learning Egg on its fundraising effort started two months ago. 84% of the $1 million non-brokered equity offering was placed with seventeen investors. The offering will remain open for a year during which the company may raise an additional $163,000. Learning Egg didn’t initiate previous offerings on the US private placement market.  The company received $50,000 from the Innovation Fund in March 2013.

The company developed a web-based subscription application called the “Lightning Grader” that allows teachers to quickly and easily create a learning assessment, automatically grade 100 pages a minute, and generate an analysis of student performance using 14 real-time reports that give educators an overview of each student’s strengths and weaknesses.

The company, headquartered in Youngstown OH, is led by Elijah Stambaugh (CEO). Learning Egg elected not to disclose its revenues. The board of directors includes Doug Weintraub and Blake Squires.

Offering recap
Status: First close
Company: Learning Egg
Industry: Other
Amount offered: $1,000,000
Amount placed: $838,000

Enterprise data analytics technology developer closes on $600,000 equity offer


A first close of $600,000 was initiated by ThriveMetrics on its fundraising effort started two months ago. 60% of the $1 million non-brokered equity offering was placed with nine investors. The offering will remain open until an additional $400,000 is successfully placed. This is the first time ThriveMetrics is raising money on the private placement market. The equity offering’s expected net proceeds will amount to $950,000 which excludes $50,000 to be paid toward officers’ salaries. The company is incubated by Mark Fasciano’s Canrock Ventures.

ThriveMetrics develops an enterprise data analytics technology that uses proprietary algorithms on real-time digital communications -email, IM, enterprise social, etc. – to monitor how companies engage with their customers and how management and employees engage with each other. Mining topics, trends, sentiment, frequency and volume from those real communications, ThriveMetrics aims to measure the health of customer relationships to protect and grow revenue while also measuring the health of internal relationships to drive collaboration and engagement.

The company, headquartered in Hicksville NY, was registered in 2011. ThriveMetrics reported revenues on or below $1 million for the latest fiscal year. The executive team includes Erika Craven (CEO), Natasha Srulowitz (Co-founder), Supriya Garg (Chief Architect) and Steve Skiena (Chief Scientist).
The board of directors includes Mark Fasciano (Co-founder and Chairman), Adam Famularo and Adam Quinton.

Offering recap:
Status: First close
Company: Thrive Metrics
Industry: Computers
Amount offered: $1,000,000
Amount placed: $600,000

Facebook content trending app in the market with $575,000 debt offering


Openpage Labs, doing business as CrowdTangle, announced a first close of $20,000 via a fundraising effort initiated last month. 3% of the $575,000 non-brokered debt offering was placed with a single investor. The company has a year to raise an additional $555,000 in funding. This debt offering is the first time the company taps into the US private placement market.

The company develops a private dashboard where users can follow thousands of Facebook pages and automatically know which posts are going viral or performed the best historically. Users have access to filters, can set up metrics for their scoring algorithm and have the trendiest content sent to their e-mail. The app is currently in private beta testing.

Brandon Silverman (Co-founder and Chief Executive Officer) leads the Baltimore MD based company which was registered in 2011. Openpage Labs elected not to disclose its revenues.
The executive team includes Matthew Garmur (CTO).

Offering recap:
Status: First close
Company: Openpage Labs
Industry: Other Technology
Amount offered: $575,000
Amount placed: $20,000

Performance assessment solution provider announces first close of $500,000 for its unit offering


ShowEvidence, Inc. successfully placed 50% of its $1 million non-brokered unit offering with two investors as part of a funding agreement signed this month. The unit is composed of equity and option, warrant or other right to acquire another security. The company expects to raise an additional $500,000 to close the offering within a year. This is the first time the company is offering securities on the US private placement market.

The company which emerged from stealth mode in November 2012 developed an evidence-based performance assessment and evaluation system for K12 and higher education.  The tool strives to provide a comprehensive system for authoring, performing, and rating student and teacher’s work while automating the scoring of their performance based on evidence tagged in the work produced. A couple companies related to higher education, engagement and coaching of students have been in the market raising money over the last few months. Copley Retention Systems raised close to $700,000  while Game Theory Group International announced a first close of $75,000 at the beginning of the month.

Eric Docter (Co-founder, President and CEO) leads the Santa Clara CA based company which was registered in 2011. ShowEvidence elected not to disclose its revenues. The executive team includes Ameetha Palanki while the board of directors includes Susan Mason and Kim Rael.

Offering recap
Status: First close
Company: Showevidence, Inc
Industry: Other Technology
Amount offered: $1,000,000
Amount placed: $500,000

Content filtering tool in the market with $100,000 mezzanine offering


Woxxer, Inc. launched a $100,000 mezzanine fundraising effort via a non-brokered private placement which already secured one investor. The company expects to keep the offering open for a year. This is the first time the company is raising money on the US private placement market.

Woxxer developed a three-dimensional rating engagement tool which is a sortable filter and a user-powered data aggregator that allows users to navigate the vast amount of content and opinion available on the web. Woxxer’s architecture creates an effective content distribution channel whereby a user can market a blog or website and reach its targeted audience right away. The company has US patents pending on its core suite of technologies. The application (app) is expected to be released toward the end of the year.

Woxxer, Inc., registered in 2013, is headquartered in East Setauket NY. It also has an R&D presence in Europe and Israel. Matthew A. Mausner (Founder and CEO) is leading the executive team which includes Margot Hedy Stern and Yonina Cantor-Wiseman. The board of directors includes Stuart M. Selip and Edna Yahil.

Offering recap:
Status: First close
Company: Woxxer, Inc.
Industry: Other Technology
Amount offered: $100,000
Amount placed: $1,000

Social rating tool raised $570,000 via an equity private placement


tengrade, Inc. completed a partial close of its $1 million equity offering, placing 57% of the total amount with 10 investors. The company is looking for at most thirty additional investors for the  placement which will remain open for a year. This is the first known non-brokered US private placement initiated by the company.

The company developed a platform which aims to become the world’s central repository for popularity ratings. Users can rate on a scale from 1 to 10 anything they are interested in and share and compare their opinion with their friends and connections. tengrade created a visualization tool called the the “tornado” which allow viewers to instantly assess likes and dislikes of the world, their connections as a group or as individuals  and of course their own.

tengrade, headquartered in New York City, was founded in April 2010 by Stuart Strumwasser (President) and Ted Werth (CEO). The company was originally founded as tengrade LLC and was merged out into tengrade, Inc. at the beginning of the month.