XDATA – September 3rd 2014
BackFlip Technologies reported selling 64% of its debt issuance via a subscription which launched in July 2012. According to the information disclosed, seventeen subscribers ponied up $320,000 out of the $500,000 the company expected to raise. The offering, according to the information, is structured as indefinite and is to remain open until an additional $180,000 is raised. This is the first debt financing done by the company under a registration exemption.
BackFlip Technologies markets and develops a mobile application called iFlipd which allows users to rent e-books on a pay-as-you-go basis for $2 per book per week. The application is available for iOS enabled mobile devices.
The company was registered in 2013 and has its headquarters located in Lake Oswego OR. BackFlip Technologies kept its revenues undisclosed.
The executive team includes Dylan Anderson and Katherine Radziwon.
The board of directors includes Kevin Merritt.
Status: First close
Company: BackFlip Technologies
Industry: Other Technology
Amount offered: $500,000
Amount placed: $320,000
First sale: 07-13-2012
Data as of: 04-23-2014
Change: offered +92% / raised +181% / placed 91%
XDATA – August 12th 2014
Campus disclosed increasing the size of its mezzanine placement by 92% to $5.11 million. Prior investors ponied up an additional $3 million. They had previously subscribed to $1.66 million in securities according to another filing disclosed on July 24th. So far, five backers committed $4.66 million to Campus‘ offering. The subscription is structured to close once the 9% left is fully subscribed or next April at the latest. This is the first offering by Campus done under a registration exemption.
Campus markets and develops a network of co-living properties. The company offers working professionals, for a reasonable rent and membership fee, to rent a room and partake in the life of a community house. The company offers property management services such as internet, house cleaners, and electricity among others. The company maintains another platform for homeowners to lease their home to the company.
Tom Currier (President and CEO) leads the San Francisco CA based company which was registered in 2013. Campus kept its revenues undisclosed.
The executive team includes Daniel Fukuba.
Campus is registered under the name Plinth.
Status: Intermediary close
Industry: Business Services
Amount offered: $5.11 million
Amount placed: $4.66 million
First sale: 04-16-2014
Data as of: 08-11-2014
XDATA – August 11th 2014
So far eighteen investors participated to LiquidSpace‘s $20 million non-brokered financing round. Financial backers bought, one month ago, 70% of the offering or $14.02 million worth of equity. Based on the offering’s structure, the company has until July 2015 to raise an extra $5.98 million. Two previous unregistered financing rounds raised an estimated $1.81 million.
The company is an online marketplace to find temporary co-working spaces, office and meeting room rentals that can be booked by the hour or for the day.
The company is headquartered in Palo Alto CA. LiquidSpace elected to keep its revenues undisclosed.
The executive team includes Doug Marinaro and Mark Gilbreath.
The board of directors includes Mike Maples, Samuel Nickless and Tod Francis.
The company has raised an estimated total of $15.82 million via private unregistered security offerings.
Status: First close
Amount offered: $20 million
Amount placed: $14.02 million
First sale: 07-03-2014
Data as of: 08-11-2014
$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.
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
A $750,000 unregistered equity financing by NewKota Energy Group successfully drew to a close. The non-brokered investment round was placed among nine investors. The subscription started a little over a week ago. No offering was previously initiated by the company under a registration exemption with the SEC.
The company was probably created for an investment in NewKota Services & Rentals by private equity firm Woodlawn Partners. NewKota offers its services to the oil and gas industry. It rents open top tanks to separate water sand and oil after hydraulic fracturing, steam units to prevent freezing, drive over pipe ramps as well as light towers and generators. Services include rig equipment and interior tank cleaning. The company was originally formed in 2011 and employs 23 people. The company offers its services mainly in North and South Dakota as well as Wyoming and Ohio.
The company, headquartered in Chicago IL, was registered this year. Revenues were not disclosed.
The executive team includes Evan Gobdel, Gregory I Blegstone and Scott Franklin.
The board of directors includes Jarod Siefert, Joe T Hays, John A Miller and William J Harper.
Company: NewKota Energy Group
Industry: Oil and Gas
Amount offered: $750,000
Amount placed: $750,000
First sale: 03-31-2014
Data as of: 04-09-2014
One 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.
Amount offered: $250,000
Amount placed: $250,000
First sale: 02-04-2014
Data as of: 03-21-2014