Tagged: real estate

$2 million equity private placement is initiated by DreamFunded Real Estate

XDATA – June 12th 2017
A $2 million non-brokered equity financing round is being launched by DreamFunded Real Estate. The placement is structured to close in June 2018 should the fundraising target not be reached. The company didn’t report selling securities thus far. This is the first time the company is filling a security offering under a registration exemption with the SEC.
DreamFunded Real Estate markets a funding portal for accredited and non-accredited investors to invest in real estate properties. The company is related to DreamFunded which raised a few funds DreamFunded Diversity Fund 1, DreamFunded TaskRabbit and DreamFunded.com Fund 1.
DreamFunded Real Estate, registered in 2017, is headquartered in San Francisco CA. It is led by Manny Fernandez (CEO). The company reported having no revenues.
Offering recap
Status: Launched
Company: DreamFunded Real Estate
Industry: Other Technology
Amount offered: $2 million
SEC filing: Source
Data as of: 06-12-2017
Similar transactions
2017-04 $1 million unregistered debt financing and first close reported by GROUNDFLOOR
2017-02 First close initiated by FundPaaS after raising 10% of its $500,000 target
2017-01 Bazean files offering’s details after placing 35% with investors
2016-11 New $10 million debt offering launched by SureFunding
2016-10 An additional $1.88 million subscribed for Farmfolio’s equity issuance
Change: offered +0% / raised +500% / placed 87%

Procore Technologies reports $50 million investment round

XDATA – December 30th 2015
Procore Technologies raised $50 million as part of a fully subscribed non-brokered equity offering. The subscription, which started almost two weeks ago, lured five investors. Two previous unregistered financing rounds raised an estimated $46.2 million.
Procore Technologies markets and develops a cloud-based construction management software application that enables construction professionals to collaborate on projects from any Internet-connected device, with access to all project documents, contracts, RFIs, submittals, schedules, and drawings via the cloud. The company is backed by Bessemer Venture Partners and ICONIQ Capital.
The company was registered in 2014 and has its headquarters located in Carpinteria CA. Procore Technologies elected to keep its revenues undisclosed.
The executive team includes Craig F Courtemanche, Robert B Reed and Steven C Zahm.
The board of directors includes Brian Feinstein and Kevin J O’Connor.

The company has raised an estimated total of $96.2 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Procore Technologies
Industry: Other Technology
Amount offered: $50 million
Amount placed: $50 million
SEC filing: Source
First sale: 12-17-2015
Data as of: 12-29-2015

Oasis Collections filed for first close after raising 79% of its financing round

oasis luxury rentals$1.67 million worth of mezzanine securities started to be placed by Oasis Collections a couple of months ago. Based on the information disclosed, a total of eighteen investors bought 79% of the $2.1 million security offering. Based on the offering’s structure, the company has until April 2015 to raise an extra $434,000. One prior placement was closed under regulation D by the company and raised an estimated $2.77 million.

Oasis Collections markets portfolio management services of high end, short term rentals in destinations around the world, as well as a network of Members’ clubs. The company’s portfolio includes luxury apartments in Buenos Aires and Bogotá, furnished rentals in Miami, beachfront rentals in Rio de Janeiro, corporate housing in São Paulo, colonial villas in Cartagena, modern villas in Punta del Este and Florianópolis.

The company, headquartered in New York NY, is led by Parker A Stanberry (CEO). Oasis Collections disclosed having revenues on or below $5 million.
The executive team includes Doug Scherrer, Matthew Harty and Parker Andrew Stanberry.
The board of directors includes Christopher G Lanning, Glen Kacher, John Scott Sinclair and William Joseph Bateman.

The company has raised an estimated total of $4.43 million via private unregistered security offerings.

Oasis Collections is registered under the name Oasis Luxury Rentals.

Offering recap
Status: First close
Company: Oasis Collections
Industry: Other Travel
Amount offered: $2.1 million
Amount placed: $1.67 million
First sale: 04-02-2014
Data as of: 05-27-2014

SpiderSuite files details on its $150,000 financing

spidersuiteSpiderSuite raised $150,000 from three financial backers on April 3rd according to information disclosed by the company. The non-brokered equity offering was fully subscribed. The equity offering’s estimated net proceeds amount to $90,000 excluding $60,000 earmarked for the payment of officers’ salaries. No offering was previously initiated by the company under a registration exemption with the SEC.

The company develops and markets a cloud-based inspection management platform for the commercial real estate industry. The solution is designed to improve the workflow surrounding inspections and how they are managed between lenders, servicers, inspection firms, and field inspectors.

The company was registered in 2012 and has its headquarters located in Minneapolis MN. Revenues on or below $1 million were reported by SpiderSuite.
The executive team includes Michael Linton.

Offering recap
Status: Completed
Company: SpiderSuite
Industry: Other Technology
Amount offered: $150,000
Amount placed: $150,000
First sale: 04-03-2014
Data as of: 04-24-2014

NYC online real estate brokerage firm with a twist raises $190,000 in debt

RealTech Holdings Inc., which does business as Suitey, raised 40% of its $500,000 debt offering. No placement agent was hired for the debt placement. It is the first major fund raising event for the company which appears on Entrepreneurs Roundtable Accelerator‘s roster.

Suitey is an online real estate brokerage platform which offers a comprehensive search, display and associated services for renting or buying an apartment in New York City (NYC). The firm compiles the most comprehensive NYC listing which is displayed on a map. Properties can be saved and visited with the same agent who is paid on client satisfaction, not commission. To round the experience up, a concierge moving service is available upon closing. The online service is currently in beta.

The company, headquartered in New York, NY, was founded in January 2013 by David Walker (CEO) and Philip Lang. Richard “Rich” Littlehale founder of Elm City Labs sits on the board of directors.