Tagged: social impact

MyNeighbor disclosed information on its $500,000 debt issuance


 share2give MyNeighbor reported selling 33% of its debt issuance via a subscription which launched on October 15th. According to the information disclosed, seven subscribers ponied up $165,000 out of the $500,000 the company expected to raise. The offering will remain open until October 2015 while an additional $335,000 worth of securities is sold to investors. The company hasn’t previously offered unregistered securities.

MyNeighbor markets and develops a social impact local collaborative consumption and sharing platform. The application (app) allows users to source goods and services from neighbors. For those charging a fee the app enables them to pledge some or all of their earnings to local non-profits.

MyNeighbor, registered in 2014, is headquartered in Seattle WA. It is led by Brendan Benzing (CEO and President). Revenues remained undisclosed.

MyNeighbor is registered under the name Share2give

Offering recap
Status: First close
Company: MyNeighbor
Industry: Other Technology
Amount offered: $500,000
Amount placed: $165,000
First sale: 10-15-2014
Data as of: 10-29-2014

For more information visit www.XDATA.co

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WeSpire reports successful placement of its mezzanine securities


XDATA – August 29th 2014

wespireA $2 million unregistered mezzanine investment round initiated by WeSpire was subscribed by fifty-one financial backers. According to the information disclosed, the placement started almost two weeks ago and was fully subscribed. Two previous unregistered financing rounds raised an estimated $4 million.

WeSpire markets and develops a cloud-based platform that helps companies engage their employees in sustainability and responsibility initiatives with persuasive technology that builds awareness, drives behavior change and measures business results. The company’s mobile and web platforms empower people to take positive actions at work, at home and in their community. The company is backed by EnerNOC.

The company, headquartered in Boston MA, is led by Susan Hunt Stevens (President). WeSpire kept its revenues undisclosed.
The board of directors includes Anton Szpitalak, Janet Kraus, John Landry and William Wiehl.

The company has raised an estimated total of $6 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: WeSpire
Industry: Other
Amount offered: $2 million
Amount placed: $2 million
First sale: 08-18-2014
Data as of: 08-29-2014

For more information visit www.XDATA.co

Bombas is in the market with a $1 million mezzanine financing


XDATA – August 19th 2014

bombasBombas is in the market with a $1 million non-brokered mezzanine placement. The placement, which hasn’t started to sell, is structured to close in August 2015 or once the placement is fully subscribed. This is the first time the company is filling

Bombas markets and manufactures athletic socks for men, women, and kids designed for extreme leisure and comfort. The company partnered with Hannah’s Socks, a non-profit whose sole mission is to get socks to those in need. For every pair purchased, one is donated.

The company was registered in 2013 and has its headquarters located in Armonk NY. Bombas disclosed having revenues on or below $1 million.
The executive team includes David Heath.


Offering recap
Status: Launched
Company: Bombas
Industry: Retailing
Amount offered: $1 million
Data as of: 08-19-2014

For more information visit www.XDATA.co

Craft3 reached the $1.96 million mark raised via its debt financing


Change: offered +0% / raised +37% / placed 10%

craft3Craft3 disclosed having increased subscription by 37% on its $20 million debt financing. An additional $525,000 worth of securities was placed by the company with five investors since the company last released data six months ago. This brings to $1.96 million the amount raised from the nineteen backers who subscribed to the offering. The offering is structured as indefinite and will remain open until fully subscribed. This is the first offering filed by Craft3 under a registration exemption.

The company is a non-profit community development firm providing loans and advice to businesses that create family wage jobs, non-profits that provide essential services to their communities and municipalities and Tribal governments for community facilities and economic development efforts. The company also offers loans to individuals and other entities that do not normally have access to financing.

The company is headquartered in Ilwaco WA. Craft3 kept its revenues undisclosed.
The executive team includes Abigail Bielemeier, Crystal Green, David Oser and John Berdes.

Offering recap
Status: Intermediary close
Company: Craft3
Industry: Other
Amount offered: $20 million
Amount placed: $1.96 million
First sale: 07-01-2013
Data as of: 05-27-2014

Simpa Networks raised $2.2 million at first close a little over a week ago


simpa networksSimpa Networks reported launching a $3.5 million mezzanine private placement. According to the filing, 63% or $2.2 million was sold to four backers a little over a week ago. $1.3 million in additional funding can be raised before May 2015 based on the placement’s structure. The company closed four previous unregistered private placements which raised an estimated $8.41 million. The company is backed by the International Finance Corp as well as the Asian Development Bank.

Simpa Networks markets and designs energy solutions to under-served consumers in emerging markets using its pay-as-you-go “progressive purchase” business model. The company’s customers make a small initial down payment for a high quality solar home system and then pre-pay for their energy service, topping up their systems in small user-defined increments using a mobile phone. Each payment adds towards their final purchase price. Once fully paid, the system unlocks permanently and continues to produce electricity. The technology is also offered to solar micro-grid developers as a flexible prepaid metering, customer, and cloud-based revenue management software.

The company, headquartered in Seattle WA, is led by Paul Needham (President). Simpa Networks kept its revenues undisclosed.
The executive team includes Karthik Meda, Rupesh Shah and Sanjay Bharti.
The board of directors includes Aniruddha Patil, Bruno Walt, David Arfin, Karl Mehta and Miguel Granier.

The company has raised an estimated total of $10.61 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Simpa Networks
Industry: Other Energy
Amount offered: $3.5 million
Amount placed: $2.2 million
First sale: 05-13-2014
Data as of: 05-23-2014

Social impact mobile data solution provider placed $112,500 in equity


access.mobile, Inc. announced a $112,500 first close on its $500,000 equity financing. Seven investors participated to the non-brokered private placement. The offering will remain open for a year while at most 15 additional investors are sought.

The company offers mobile data solutions that enable structured data collection, management and analysis. These solutions are designed for developing countries which rely on physical data gathering and lacking the infrastructure to exchange, collect and analyze data efficiently. access.mobile provides four core solutions which can be customized. “amData” which features real-time, web-based data analytics and data export capabilities. A health version of “amData” was deployed in seventy private health clinics in Uganda. “amAgriculture” features supply chain management tools, tracks yields and records supply transactions. “amSupply” focuses on inventory tracking and management while “amCommunicator” is a two-way, multi-channel communication platform that offers users SMS (texting), voice and email capabilities. The company has a local presence in Uganda, Rwanda and Tanzania.

access.mobile, headquartered in Denver CO, was founded by Kaakpema “KP” Yelpaala (CEO). The exectuve team includes: Kahwa C. Douoguih (COO), Jenais K. Zarlin (Business development) and Josiah O. Hatch III (Director and General counsel).