Tagged: sport

Hudl completes $50mn+ equity issuance

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The Process is in the market with a $800,000 investment round

XDATA – September 5th 2014

recruiting process The Process launched a $800,000 non-brokered equity offering based on information filed with the SEC. The subscription to the equity offering hasn’t started yet. The offering is structured to remain open until September 2015 or when the fundraising cap is reached, whichever one comes first. This is the first time the company is filling a security offering under a registration exemption with the SEC.

The Process develops a platform to transform the way players find, evaluate, and receive college football scholarships and how the college coaches recruit these athletes.

The company, headquartered in Tampa FL, was registered this year. Revenues were not disclosed.
The executive team includes Mark Flynn and Paul Gonnella.

The Process is registered under the name Recruiting Process

Offering recap
Status: Launched
Company: The Process
Industry: Other
Amount offered: $800,000
Data as of: 09-05-2014

For more information visit www.XDATA.co

Sportsy raised $118,000 at first close three weeks ago

XDATA – August 8th 2014

sportsySportsy reported launching a $518,000 mezzanine private placement. According to the filing, 23% or $118,000 was sold to two backers three weeks ago. The offering will remain open until July 2015 while an additional $400,000 worth of securities is sold to investors. One prior placement was closed under regulation D by the company and raised an estimated $40,000.

The company is a sports education mobile application developer. The company is developing a series of training programs designed for novice to advanced players. Players learn how to perform drills and take part in challenges to earn points and badges. The company released an application for soccer which is available for iOS and Android.

Justin T Kifer (President) leads the Playa Vista CA based company which was registered in 2013. Sportsy kept its revenues undisclosed.
The executive team includes Amanda Kifer and Justin Thomas Kifer.
The board of directors includes Andrew Briggs and Stephan Dalyai.

The company has raised an estimated total of $158,000 via private unregistered security offerings.

Offering recap
Status: First close
Company: Sportsy
Industry: Other Technology
Amount offered: $518,000
Amount placed: $118,000
First sale: 07-14-2014
Data as of: 08-08-2014

For more information visit www.XDATA.co

Academy Snowboard Co. files details on its $1 million financing

academy snowboardsAcademy Snowboard Co. raised $1 million from three financial backers one month ago according to information disclosed by the company. The non-brokered equity offering was fully subscribed. No offering was previously initiated by the company under a registration exemption with the SEC.

The company designs and manufactures high quality snowboards retailing for $359 and up. The company also organizes snowboard camps and offers collegiate scholarship programs.

The company, founded in 2003, is headquartered in Auburn CA. Revenues on or below $1 million were reported by Academy Snowboard Co..
The executive team includes Jeff Baughn.
The board of directors includes Jason Smith and Steve Baughn.

Offering recap
Status: Completed
Company: Academy Snowboard Co.
Industry: Other
Amount offered: $1 million
Amount placed: $1 million
First sale: 03-04-2014
Data as of: 03-27-2014

$900,000 fundraising launched by tennis team San Diego Aviators

san diego aviatorsSan Diego Aviators disclosed in an SEC filing, launching a $900,000 brokered equity financing round. The placement is structured to close in April 2015 should the fundraising target not be reached. The company didn’t report selling securities thus far. The private placement’s expected net proceeds will amount to $860,000 excluding $40,000 paid in brokerage fees by the company. This is the first time the company is filling a security offering under a registration exemption with the SEC. The deal is brokered by Greenville SC-based SANDLAPPER Securities.

The San Diego Aviators is a tennis team competing in the Mylan World TeamTennis league. The league was originally created in the 1970s around a unique gender-equity team concept. Each team is comprised of two men, two women and a coach. Team matches consist of five sets, with one set each of men’s singles, women’s singles, men’s doubles, women’s doubles and mixed doubles.

The company was registered in 2013 and has its headquarters located in San Diego CA. Revenues on or below $1 million were reported by San Diego Aviators.
The executive team includes Russell Geyser.

Offering recap
Status: Launched
Company: San Diego Aviators
Industry: Other
Amount offered: $900,000
Data as of: 04-22-2014

SenseLabs revised offering cap upward to $4.25 million and received $4 million in commitments

Change: offered +325% / raised +349% / placed 94%

neurotopiaNeurotopia (DBA SenseLabs) upped its financing to $4.25 million from $1 million after receiving new commitments. An additional $3.11 million worth of securities was placed by the company with twenty-one investors since the company last released data last October. This brings to $4 million the amount raised from the thirty-one backers who subscribed to the offering. The subscription is structured to close once the 6% left is fully subscribed or in one month at the latest. This is the first time the company is offering securities under regulation D of the Securities Act of 1933.

The company markets a brain-based biosensor and software designed to assess and train elite athletes’ brains. The company developed proprietary technology to identify optimal brainwave patterns associated with the maximum levels of focus, high-speed decision-making, and optimal stress regulation. The technology identifies athletes’ strengths and weaknesses and then trains their brains accordingly so they are in the optimal brain state for their given sports.

The company is headquartered in Atascadero CA. Neurotopia disclosed having revenues on or below $5 million.
The executive team includes Austin Miller, Leslie Sherlin and Stephen J Russo.
The board of directors includes Alex Frick, Nick Tell and Robert Bray.

Offering recap
Status: Intermediary close
Company: Neurotopia
Industry: Other Technology
Amount offered: $4.25 million
Amount placed: $4 million
First sale: 04-22-2013
Data as of: 03-10-2014

Air Media disclosed information on its $700,000 debt issuance

AirmediaAirMedia reported selling 57% of its debt issuance via a subscription which launched yesterday. According to the information disclosed, six subscribers ponied up $400,000 out of the $700,000 the company expected to raise. $300,000 in additional funding can be raised before March 2015 based on the placement’s structure. The company hasn’t previously offered unregistered securities.

AirMedia is a sports content syndication platform.  The company aims at providing users with a network which will allow them to reach traffic standards demanded by video advertisers. It currently offers two products. AirMedia Syndication where users are able to broadcast proprietary content along with their advertisers to leading portals, premium blogs and top sports sites. AirMedia Content Discovery is designed to increase (in volume and relevancy) web traffic by pointing leading sports portals, sites and blogs audience back to the users original content.

The company, headquartered in Culver City CA, was registered this year. Revenues remained undisclosed.
The executive team includes David Lucas “Luke” McDonough (Co-founder and CEO), Doug Neiman (Co-founder and CRO) and Lynn Gabbay (Co-founder and CTO).

Offering recap
Status: First close
Company: AirMedia
Industry: Other Technology
Amount offered: $700,000
Amount placed: $400,000
First sale: 03-04-2014

Hi-Tech merino sock manufacturer announces final close on its equity financing

point6_symbol_HighPoint6 initiated a final close after increasing by 5% its brokered equity offering and raising an additional $273,000 or 35%. The company first placed $625,300 with seven investors in August 2013 in an attempt to raise $1 million. At the close, twelve investors had subscribed to $1.05 million in equity securities. The offering was placed by CircleUp, a crowdfunding platform specialized in consumer products, with angel investors located in Colorado, Delaware, Kansas, Pennsylvania and Texas. This offering brings to $2.55 million the estimated amount raised by Point6 thus far. The private placement’s expected net proceeds amount to $1.02 million excluding $28,000 paid in fees to CircleUp.

The company designs and manufactures high performance merino wool socks for specific sports and outdoor activities ranging from cycling to construction. The company leverages a proprietary spinning process coupled with fine gauge needles’ knitting which produce superior sock with increased longevity. Merino wool is used for its natural thermo-regulation and moisture management properties.

The company is headquartered in Steamboat Springs CO. Point6 reported revenues on or below $5 million for the latest fiscal year and has less than fifty employees. The executive team includes Peter H. Duke (CEO), Patricia “Patty” F. Duke (Creative director) and Drew Williams (COO).

Offering recap:
Status: Final close
Company: Point6
Industry: Other
Amount offered: $1.05 million
Amount placed: $1.05 million
First Sale: 08/20/13

Athlete and fan engagement app announces first close of $450,000 on its $800,000 equity offering

A first close of $450,000 was initiated by OverDog on its fundraising effort started last month. 56% of the $800,000 non-brokered equity offering was placed with five investors. The company will attempt to raise an additional $350,000 in funding before the end of the offering a year from now. Three previous financing rounds initiated by Overdog raised an estimated $3.9 million.

The company, previously known as ProPlayerConnect.com, develops a mobile application that connects athletes with their fans to play multiplayer games on Xbox and PlayStation during their down time. The application, launched in May 2013, is available for iOS and will soon be available for the Android operating system. Users select their favorite athletes and get notified when they send out challenges.

The company, headquartered in Nashville TN, is led by Steve Berneman (Co-founder and CEO). It was originally founded in September 2007 in Tempe AZ and relocated to Tennessee in late 2010. Overdog elected not to disclose its revenues.
The executive team includes Hunter Hillenmeyer (Co-founder and President), Amanda Donnelly (Sales and Marketing), Thomas Bernstein (Product), Kiefer Hagin (Developer, Product and mobile solutions) and Brandon Hamric (Developer, Platform and analytics solutions). The board of directors includes Eric Satz and William Guttman.

Offering recap:
Status: First close
Company: Overdog
Industry: Other Technology
Amount offered: $800,000
Amount placed: $450,000

Apparel design company announces first close of its debt placement

Dude Girl LLC raised $27,000 with two investors out of en expected $1 million debt offering. The company which revenues are below $1 million, is keeping the placement open for a year. The is the first US non-brokered placement initiated by Dude Girl.

The company designs and sells women’s cycling, running, yoga and casual wear apparel. Dude Girl started as an adventure travel company for avid cyclists and launched its apparel brand in 2005.

The company, headquartered in Larkspur CA, was founded in March 2004 by Kim McElhinney.