Tagged: social

OurHistree files a second offering


ourhistreeAfter disclosing raising $255,000 in a document filed yesterday, OurHistree announced it sold another $250,000 worth of mezzanine securities. The mezzanine securities, which started to sell almost two weeks ago, were bought by nine investors.A total of thirteen unregistered securities offerings closed by the company raised an estimated $8.8 million.

The company developed and markets a web platform and an Android application (app) that allow users to create multimedia stories, alone or with a group, which can easily be embed, tweeted or shared on Facebook. The story can be updated as often as the user wants and photos and videos can easily be added directly from a cell phone. The app is free.

The company, headquartered in Beverly Hills CA, is led by Andrew Sipes (President). OurHistree kept its revenues undisclosed.

The company has raised an estimated total of $9 million via private unregistered security offerings.

Offering recap
Status: On-going
Company: OurHistree
Industry: Other Technology
Amount offered: N/A
Amount placed: $250,000
First sale: 03-26-2014
Data as of: 04-07-2014

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$255,000 worth of mezzanine securities were sold by OurHistree


ourhistreeOurHistree disclosed selling $255,000 worth of mezzanine securities as part of financing round. The mezzanine securities, which started to sell one month ago, were bought by eight investors. The offering has no fundraising cap and the company may elect to raise additional funds until the offering closes in March 2015. A total of twelve unregistered securities offerings closed by the company raised an estimated $8.44 million.

The company developed and markets a web platform and an Android application (app) that allow users to create multimedia stories, alone or with a group, which can easily be embed, tweeted or shared on Facebook. The story can be updated as often as the user wants and photos and videos can easily be added directly from a cell phone. The app is free.

The company, headquartered in Beverly Hills CA, is led by Andrew Sipes (President). Ourhistree kept its revenues undisclosed.

The company has raised an estimated total of $8.7 million via private unregistered security offerings.

Offering recap
Status: On-going
Company: OurHistree
Industry: Other Technology
Amount offered: N/A
Amount placed: $255,000
First sale: 03-04-2014
Data as of: 04-04-2014

$5 million financing final close reported by We Heart It


WHIThough outside Random Research coverage sweet spot, a transaction well worth broadcasting as it doesn’t seem to have been publicized and no one connected the dots yet. A $5 million unregistered debt financing by WHI (DBA We Heart It) successfully drew to a close. The non-brokered investment round was placed with one investor on March 17th. A total of five unregistered securities offerings closed by the company raised an estimated $14 million. This financing may be related to the $8 million fundraising milestone reached during the summer by the company. While the media reported the company raised $8 million then, Random Research believes the company had raised over $8 million up to then.

WHI is an image-based social network designed to help users easily share their favorite images from popular media, retail sites and image-based applications. The platform had as of December 2013 25 million monthly users and was adding one million new members per month, over 70% of whom are mobile users. The mobile application is available for iOS and Android. The company includes among its partners Condé Nast brands Lucky and Teen Vogue as well as Wattpad, BeFunky, and Popbasic.

The company’s headquarters are located in San Francisco CA. WHI kept its revenues undisclosed.
The executive team includes Dan Hart and Ranah Edelin.
The board of directors includes Alexander Rosen, Crystal Hutter, Neil Berkman and Steven Felsher.

The company has raised an estimated total of $19 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: WHI
Industry: Other Technology
Amount offered: $5 million
Amount placed: $5 million
First sale: 03-17-2014
Data as of: 04-02-2014

$500,000 raised by Groupology as part of its mezzanine investment round


lifestreams technologiesGroupology (AKA Lifestreams Technologies Corp.) disclosed selling 25% of its non-brokered mezzanine financing. The company launched a $2 million investment round subscribed so far by seven investors. The subscription which raised $500,000 started two days ago. The offering will remain open until March 2015 while an additional $1.5 million worth of securities is sold to investors. The mezzanine offering’s estimated net proceeds will amount to $1.44 million which excludes $560,000 to be paid toward officers’ salaries. Unregistered securities don’t appear to have been previously sold by the company.

The company developed a mobile application (app) for college students to create “by-invitation” only private groups where members can exchange messages and chats, post events, documents, media, and to-dos lists almost instantly. Everything posted to the stream is seen by all members as a timeline with a past and a future, creating a narrative of group experience even as members change over time. The app is available for iOS.

The company, headquartered in New Haven CT, was registered in 2013. Revenues were not reported.
The executive team includes Daniel Gelernter and Piotr Prosol.
The board of directors includes David Gelernter, Eric Freeman, Jeffrey Samberg, Michael Satow and Trevor Hines.

Offering recap
Status: First close
Company: Lifestreams Technologies
Industry: Computers
Amount offered: $2 million
Amount placed: $500,000
First sale: 03-31-2014
Data as of: 04-01-2014

Subscription launched one month ago for serendipity social network Intermingl Co.’s $1 million financing round


interminglAfter launching a $1 million convertible promissory note investment round, Intermingl Co. started to receive one month ago commitments amounting to $95,000 from two investors. So far the company raised 10% of its non-brokered security offering according to the data disclosed. An additional $905,000 in funding is to be raised until the offering draws to a close in February 2015. No offering was previously initiated by the company under a registration exemption with the SEC.

The company is developing a professional networking platform targeted at events (and endorsed by event organizers) and provides tools to build relationships with, and remember the interesting people within the event, long after the event itself is over. The platform leverages Facebook, LinkedIn or Twitter and automatically imports profiles. A comparison analysis is available on the company’s blog. Random Research covered offerings initiated by HereOnBiz and Anomo.

The company, headquartered in Wilton CT, was registered in 2014 and is lead by Oji Udezue. No revenues were reported by the company.
The board of directors includes Ezinne Udezue.

Offering recap
Status: First close
Company: Intermingl Co.
Industry: Other Technology
Amount offered: $1 million
Amount placed: $95,000
First sale: 02-27-2014
Data as of: 03-24-2014

Digital hub for the medical cannabis community files $475,000 final close


massrootsMassRoots disclosed selling $475,000 worth of equity securities as part of a new financing round. The financing which started to sell last Wednesday was subscribed in full by thirty-seven investors. The equity offering’s estimated net proceeds amount to $375,000 excluding $100,000 earmarked for the payment of officers’ salaries. Until this disclosure MassRoots had raised an estimated $150,000 in unregistered securities via one previous financing round.

The company is developing a social platform for cannabis consumers to connect. The company moved to Colorado to tap into its burgeoning cannabis economy and leverage its cannabis friendly laws.

The company, headquartered in Boulder CO, was registered in 2013. No revenues were reported by the company.
The executive team includes Hyler C Fortier, Stewart J Fortier and Tyler A Knight.

The company has raised an estimated total of $625,000 via private unregistered security offerings.

Offering recap
Status: Completed
Company: MassRoots
Industry: Other Technology
Amount offered: $475,000
Amount placed: $475,000
First sale: 03-26-2014
Data as of: 03-31-2014

New investors commit to Earthineer’s financing, cap was revised upward


Change: offered +49% / raised +100% / placed 50%

earthineerEarthineer upped its equity financing by 49% to $373,000 following additional commitments. This is the first time the offering, which launched in January 2013, is reported as subscribed. The seven investors started to acquire $188,000 worth of securities in January 2013. There is now $185,000 in securities left up for subscription. The offering’s expected net proceeds will amount to $323,000 which excludes $50,000 to be paid toward officers’ salaries. The offering is structured as indefinite and will remain open until fully subscribed. This is the first offering of unregistered securities under regulation D reported by Earthineer.

The company developed and maintains a free social website for sustainable living and homesteading. The platform offers users premium content from professionals and a way for homesteading communities to connect and share resources. The company will be releasing a trading and bartering tool toward the end of the year.

The company, headquartered in Glencoe KY, is led by Daniel Adams (President). Earthineer kept its revenues undisclosed.

Offering recap
Status: Intermediary close
Company: Earthineer
Industry: Other Technology
Amount offered: $373,000
Amount placed: $188,000
First sale: 01-17-2013
Data as of: 03-20-2014

Late filer Vostu completed a $450,000 equity offering


vostu 2Late filer Vostu sold a total of $450,000 in a brokered equity investment round. The transaction which started a few months ago, garnered the support of sixteen investors. The private placement’s expected net proceeds amounts to $420,000 which excludes $30,000 paid in brokerage fees. The company closed five previous unregistered private placements which raised an estimated $48.72 million. The company is backed by early investor Intel Capital, General Catalyst Partners, Accel Partners and Tiger Technology Global Management.

Vostu is a social gaming company with a focus on the Latin American market. It released in 2009 its first game called “Joga Craque”, a role playing game (RPG) featuring Brazilian soccer players. The company has since then launched multiple games (Mini Fazenda, Café Mania, MegaCity, Vostu Poker, Rede do Crime, Pet Mania) on Orkut, the Brazilian social network as well as on Facebook, MSN and their own platform. The company has been referred to as the Zinga of Brazil.

The company, headquartered in New York NY, is led by Daniel Kafie (CEO). Vostu elected to keep its revenues undisclosed.

The company has raised an estimated total of $49.17 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Vostu
Industry: Other Technology
Amount offered: $450,000
Amount placed: $450,000
First sale: 2013-11-27

Late filer UpMeSocial disclosed issuing $120,000 worth of securities


upmesocial$120,000 worth of convertible debt was sold by late filer UpMeSocial to two investors. The non-brokered security placement was initiated almost six months ago according to information filed under regulation D. The offering’s estimated net proceeds amount to $70,000 excluding $50,000 earmarked for the payment of officers’ salaries. No securities were previously sold under a registration exemption with the SEC.

The company markets a social platform designed for users to interact with their friends and gain popularity points. The platform revolves around a popularity based ranking system, follower and following, and all the other staples a social platform has. The application, which is currently in beta, is available for iOS and Android.

The company, headquartered in Ann Arbor MI, was registered in 2012. Revenues were not reported. The executive team includes James Buford and Petrus Alcindor.

Offering recap
Status: Completed
Company: UpMeSocial
Industry: Other
Amount offered: $120,000
Amount placed: $120,000
First sale: 2013-08-30

First close of $313,000 for stealthy AppDate on its convertible promissory note placement


A first close of $313,000 was initiated by AppDate on its fundraising effort. The notes started to sell nine days ago. 31% of the $1 million non-brokered convertible promissory note offering was placed with five investors. It is the first time the company is raising funds on the private placement market.

The company is in stealth mode. However, it seems it will be launching a social network platform under the ReelTime name. As its name suggests, the platform might be focusing on video capture, recording and sharing. It will be accessible online as well as through mobile applications.

Welles Mattson (President) leads the Concord MA based company which was registered in 2013. Revenues were not disclosed. The board of directors includes Jeffrey J. Crown.

Offering recap:
Status: First close
Company: AppDate AKA ReelTime
Industry: Other
Amount offered: $1 million
Amount placed: $313,000
First Sale: 01/21/14