Tagged: Stealth mode

Applied Bioresearch is in the market with a $750,000 investment round


Applied Bioresearch launched a $750,000 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 May 2015 or when the fundraising cap is reached, whichever one comes first. Two previous unregistered financing rounds raised an estimated $750,000.

The company is a research and development company in stealth mode. The company is combining several technologies to explore new solutions to the most pressing problems in biotechnology and healthcare.

The company, led by Kendal Svedeen, is headquartered in Draper UT. No revenues were reported by the company.

Offering recap
Status: Launched
Company: Applied Bioresearch
Industry: Pharmaceuticals
Amount offered: $750,000
Data as of: 05-30-2014

Stealthy Capillary Biomedical reached its $100,000 fundraising target


Based on information filed with the SEC, Capillary Biomedical reported the successful subscription and close of its non-brokered equity financing. One financial backer invested $100,000 today. No offering was previously initiated by the company under a registration exemption with the SEC.

The medical device company is in stealth mode. It is lead by Paul Strama who was VP at another medical device start-up called GluMetrics which raised an estimated $69 million.

Capillary Biomedical, registered in 2014, is headquartered in Irvine CA. Revenues were not disclosed.

The executive team includes Bruce Feuchter and Paul Strasma.

Offering recap
Status: Completed
Company: Capillary Biomedical
Industry: Manufacturing
Amount offered: $100,000
Amount placed: $100,000
First sale: 05-06-2014
Data as of: 05-06-2014

Stealth Bitcoin wallet startup raises $50,000 in seed equity


Bitcoin trading on Mt. GoxWhile Bitcoin‘s value increased by 148% over the last 30 days and by 800% over the last 6 months on Mt.Gox according to bitcoinity.org, a statup company called Bitwal is working toward making the virtual currency widely accepted in the real world.

The company, which successfully completed a $50,000 equity offering with one investor, is working toward launching a debit card for Bitcoin. The card is linked to an account where users can load their Bitcoins. Once loaded the card can be scanned to transfer payments, used as a debit card to withdraw money at ATMs, or processed by non-Bitwal participating retailers. It is unclear however, how the company will deal with Bitcoin’s recent wild valuation swings which may affect its broad acceptance. Hopefully the card will be able to be loaded on Coin as well.

The company, headquartered in San Francisco CA, was founded in August 2013. The executive team includes Carl Hilsz, Brian Santos, and Lowell Ness.

Offering recap:
Status: Closed
Company: Bitwal
Industry: Other
Amount offered: $50,000
Amount placed: $50,000
First Sale: 11/22/13

Energy bar manufacturer in the market with $1 million equity offering


Late filer Eatrue, disclosed raising $400,000 in equity from five investors. The offering will remain open for a year during which an additional $600,000 will be marketed. This is the first time the company is launching a private placement.

The company which is still in stealth mode manufactures vegetable-based nutritional supplement energy bar.

The company, headquartered in San Francisco CA, was founded a year ago and is lead by Danniel Grossman (CEO). The board of directors include Linda Gerard, Mel and Patricia Ziegler.

Offering recap:
Status: First close
Company: Eatrue, Inc.
Industry:  Other
Amount offered: $1,000,000
Amount placed: $400,000
First Sale: 08/30/13

Stealthy payment platform completes $500,000 mezzanine financing


Clinkle successfully closed its $500,000 unsecured Class A convertible promissory note offering which was initiated last month. A single investor subscribed to the non-brokered placement. The investor is believed to be Sir Richard Branson. The company raised an estimated $25 million in seed funding this year.

Clinkle is in stealth mode and is said to be developing a platform to modernize the way people transact. The company is planning to introduce its payment platform next year and is developing iOS and Android applications.

Lucas Duplan (Chief Executive Officer) leads the San Francisco CA based company which was registered in 2012. Clinkle elected not to disclose its revenues.

Offering recap:
Status: Completed/Final close
Company: Clinkle
Industry: Other Technology
Amount offered: $500,000
Amount placed: $500,000

Stealthy company Tuber is in the market with $1 million equity offering


Tuber initiated a first close of $50,000 via a fundraising effort which started this month. 5% of the $1 million non-brokered equity offering was placed with a single investor. The company has a year to raise an additional $950,000 in funding. This is the first time Tuber is raising money on the private placement market.

The company is likely developing a product related to media, marketing and sales.

Tuber, headquartered in Atlanta GA, was registered in 2012. Tuber elected not to disclose its revenues. The board of directors includes Drew Reifenberger and Jon Bradway.

Offering recap:
Status: First close
Company: Tuber
Industry: Other Technology
Amount offered: $1,000,000
Amount placed: $50,000

Stealth wearable technology designer successfully placed $1 million equity offering


Ringly successfully completed its $1 million equity offering which started last month. The non-brokered private placement was subscribed by nine investors. No previous known private placement was initiated by the company in the US.

Ringly integrates wearable technology with fashionable jewelry and accessories. The company’s mission is to improve the way people interact with technology and with each other. Ringly strongly believes technology can blend in to the user’s environment and be both beautiful and useful. The financing round was backed by Mesa+, First Round Capital and Andreessen Horowitz.

Ringly, registered in 2013, is headquartered in Brooklyn NY. It is led by Christina Mercando (President). Revenues were not available for the latest reporting period.

Offering recap:
Status: Completed/Final close
Company: Ringly
Industry: Other Technology
Amount offered: $1,014,000
Amount placed: $1,014,000

Focal Point Pharmaceuticals, Inc. closed on $150,000 equity offering


Focal Point Pharmaceuticals, Inc. completed its $150,000 equity offering which started this month. The non-brokered private placement was subscribed by two investors. This is the first known offering initiated by the company on the US private placement market.

As Focal Point is in stealth mode, it is unclear what its line of business will exactly be though it seems to be related to pharmaceutical compound commercialization. Focal Point is tightly linked to a company called Hapten Sciences where Ray Hage and Gary Prosterman are currently CEO and Chairman. Both companies share the same address. Hapten Sciences has licensed a compound developed by ElSohly Laboratories Inc. and University of Mississippi pharmaceutical researchers to prevent reactions to poison ivy, oak and sumac.

The company, headquartered in Memphis TN, is led by Raymond “Ray” J. Hage Jr.(President) and Gary Prosterman (Chairman).

Offering recap:
Status: Completed/Final close
Company: Focal Point Pharmaceuticals, Inc.
Industry: Pharmaceuticals
Amount offered: $150,000
Amount placed: $150,000