Tagged: streaming

Cheddar reports $3 million investment round


www.XDATA.co
XDATA – February 19th 2016
Cheddar raised $3 million as part of a fully subscribed non-brokered equity offering. The subscription, which started on February 4th, lured six investors. No offering was previously initiated by the company under a registration exemption with the SEC.
The company is a business news organization that streams live content primarily from the New York Stock Exchange trading floor. Investors include Jeremy Liew, WGI Group, Homebrew, Jerry Speyer and David Fiszel.
Cheddar, registered in 2016, is headquartered in New York NY. It is led by Jonathan Steinberg (President). Revenues were not disclosed.
The board of directors includes Jeremy Liew.
Offering recap
Status: Completed
Company: Cheddar
Industry: Other
Amount offered: $3 million
Amount placed: $3 million
SEC filing: Source
First sale: 02-04-2016
Data as of: 02-11-2016

8tracks revised its offering cap upward to $4.04 million and received $1.71 million in commitments


For more information visit http://www.XDATA.co
Change: offered +185% / raised +34% / placed 42%
XDATA – February 8th 2016
8tracks upped its financing to $4.04 million from $1.42 million after receiving new commitments. An additional $430,000 worth of securities was placed by the company with nine investors since the company last released data almost a year and a half ago. This brings to $1.71 million the amount raised from the thirty-six backers who subscribed to the offering. The offering is most likely closed, based on the structure it was scheduled to close on August 18th 2015. This is the first offering of unregistered securities under regulation D reported by 8tracks.
The company is a social music platform where users can listen to and create playlists. Listeners can search for a mix by artist or genre, stream it in a legal, radio-style manner, and follow others who make compelling mixes. The platform was designed to discover music and communicate via music. Investors include Index Ventures, Andreessen Horowitz, SoftTech, SPA, Pete Tong, and Ben Drury
The company, headquartered in San Francisco CA, is led by David Porter (CEO). 8tracks elected to keep its revenues undisclosed.
Offering recap
Status: Intermediary close
Company: 8tracks
Industry: Other Technology
Amount offered: $4.04 million
Amount placed: $1.71 million
SEC filing: Source
First sale: 08-18-2014
Data as of: 02-08-2016

Roku reports issuing $45.5 million worth of equity


For more information visit http://www.XDATA.co
XDATA – January 29th 2016
Roku placed $45.5 million worth of securities as part of a non-brokered equity financing round. The placement, which started a couple of months ago, lured a total of fourteen subscribers. A total of seven unregistered securities offerings closed by the company raised an estimated $125.07 million.
Roku designs, markets, manufactures and develops streaming entertainment devices for TVs. The company’s streaming platform features a vast collection of entertainment channels available for streaming. Its streaming players and its streaming stick are sold through major retailers in the US, Canada, the UK and the Republic of Ireland. Additionally, the company works with TV manufacturers to create co-branded Roku TV models. Financial backers include Globespan Capital Partners, Menlo Ventures, Luminari Capital, and Hearst Ventures.
The company is headquartered in Saratoga CA. Roku elected to keep its revenues undisclosed.
The executive team includes Anthony Wood, Matthew Anderson, Stephen Kay, Steve Louden and Steve Shannon.
The board of directors includes Alan Henricks, Daniel Leff, Jeff Hastings, Ravi Ahuja, Ray Rothrock and Shawn Carolan.

The company has raised an estimated total of $170.57 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Roku
Industry: Other Technology
Amount offered: $45.5 million
Amount placed: $45.5 million
SEC filing: Source
First sale: 11-09-2015
Data as of: 01-28-2016

Roku reports the successful completion of its equity issuance


roku Roku placed $25 million worth of securities as part of a non-brokered equity financing round. The placement, which started on October 1st, lured a total of eleven subscribers. A total of six unregistered securities offerings closed by the company raised an estimated $100.07 million.

Roku markets, manufactures, develops and designs streaming entertainment devices for TVs. The company’s streaming platform features a vast collection of entertainment channels available for streaming. Its streaming players and its streaming stick are sold through major retailers in the US, Canada, the UK and the Republic of Ireland. Additionally, the company works with TV manufacturers to create co-branded Roku TV models. Financial backers include Globespan Capital Partners, Menlo Ventures, Luminari Capital, and Hearst Ventures.

The company is headquartered in Saratoga CA. Roku elected to keep its revenues undisclosed.
The executive team includes Anthony Wood, Stephen Kay and Steve Shannon.
The board of directors includes Alan Henricks, Daniel Leff, Jeff Hastings, Ravi Ahuja, Ray Rothrock and Shawn Carolan.

The company has raised an estimated total of $125.07 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Roku
Industry: Other Technology
Amount offered: $25 million
Amount placed: $25 million
First sale: 10-01-2014
Data as of: 10-22-2014

For more information visit www.XDATA.co

Fandor issues $18.08 million worth of equity as investors convert their bridge notes


our film festival Fandor disclosed placing 90% of its $20.08 million non-brokered equity issuance. Based on the filing, four investors subscribed to the $18.08 million first close a couple of months ago. The issuance includes $16 million worth of equity related to the conversion of convertible bridge notes. Until this disclosure Fandor had raised an estimated $2.42 million in unregistered securities via one previous financing round.

Fandor develops and markets an on-demand streaming service showcasing a broad library of independent and international movies specially curated to make discovering new and classic favorites easy and accessible. The company’s member-based service allows audiences to watch unlimited movies wherever they are: on TVs, computers and mobile devices.

The company is headquartered in San Francisco CA. Fandor elected to keep its revenues undisclosed.
The executive team includes Dan Aronson and Ted Hope.
The board of directors includes Chris Kelly and Kevin Iwashina.

The company has raised an estimated total of $20.5 million via private unregistered security offerings. Fandor is registered under the name Our Film Festival.

Offering recap
Status: First close
Company: Fandor
Industry: Other
Amount offered: $20.08 million
Amount placed: $18.08 million
First sale: 08-11-2014
Data as of: 10-10-2014

For more information visit www.XDATA.co

Late filer Rdio reports issuing $75 million worth of equity and raising $33 million in separate transactions


XDATA – October 1st 2014

pulser mediaLate filer Rdio disclosed issuing $75 million worth of equity as part of a transaction a year ago where common shares of subsidiaries were acquired by the issuer in exchange for common shares of the issuer. According to three concurrent filings, this is not the first time the company files unregistered securities with the SEC.
The transaction is related to the deal made with Cumulus Media who was reported as taking a major stake in the company about a year ago. Though The New York Times reported it was a no-cash deal, it should nonetheless have triggered a form D filing within fifteen days since securities were issued.

The company is a freemium digital music service that offers ad-supported free streaming service and ad-free subscription services in 60 countries. The company is backed by Cumulus Media and Janus Friis.

The company was registered in 2012 and has its headquarters located in San Francisco CA. Rdio elected to keep its revenues undisclosed.
The executive team includes Anthony Bay and Maikao Grare.
The board of directors includes Andrew Larner, Janus Friis Degnbol and Mark Dyne.

Rdio has reported in concurrent filings closing three offerings which raised $33.27 million. The company has raised an estimated total of $108.27 million via private unregistered security offerings.

Rdio is registered under the name Pulser Media

Offering recap
Status: Completed
Company: Rdio
Industry: Other
Amount offered: $75 million
Amount placed: $75 million
First sale: 09-13-2013
Data as of: 10-01-2014

For more information visit www.XDATA.co

Fanhattan launched a $18 million offering and placed 47%


fanhattanAccording to a document filed by Fanhattan with the SEC, the company launched a $18 million non-brokered equity offering. So far Fanhattan sold 47% or $8.39 million worth of new unregistered securities to nine backers. The subscription started one month ago. The offering will remain open until March 2015 while an additional $9.6 million worth of securities is sold to investors. It appears to be the first time the company is filling a security offering under a registration exemption…and it is hard to believe. So, with some research, one would realize that Fanhattan’s ancestor was a company called Vuze (Formerly Azureus) which raised an estimated $32.8 million since November 2006. The company is backed by NEA, Redpoint Ventures, GreyCroft Partners, and e.ventures (Formerly BV Capital).

The company is the developer of Fan TV, a video aggregation and programming guide application that lets users know what’s available to watch across popular streaming video platforms such as HuluPlus, Amazon, Netflix etc…The app also allows users to watch movie trailers and buy tickets. The app is available for iOS and on the web. However, the financing comes on the heels of a deal made with Time Warner to sell a new set-top box device with a touch remote that will bring the Fan TV service to life on Time Warner subscribers’ screens. It combines live TV, video-on-demand and streaming services in a unified discovery experience. The device will retail for $149 and can be pre-ordered for $99.

The company, headquartered in San Mateo CA, is led by Gilles Bianrosa (CEO). Fanhattan elected to keep its revenues undisclosed.

The executive team includes Laura Tunberg, Milan Parikh and Olivier Chalouhi.
The board of directors includes Christopher Moore, Jarl Mohn, Mathias Schilling and Patrick Chung.

The company raised an estimated $41 million since inception.
Former names include: Azureus, Vuze, TMDB and Fanhattan Holding.

Offering recap
Status: First close
Company: Fanhattan
Industry: Other
Amount offered: $18 million
Amount placed: $8.39 million
First sale: 03-24-2014
Data as of: 05-13-2014

IndieFlix disclosed raising $200,000 via security issuance


indieflixAfter launching a $2 million Series B convertible preferred round, IndieFlix received one month ago a $200,000 commitment from one investor. So far the company raised 10% of its non-brokered security offering according to the filing. An additional $1.8 million in funding is to be raised until the offering draws to a close in March 2015. The offering’s estimated net proceeds will amount to $1.79 million which excludes $214,000 to be paid toward officers’ salaries. This is not the first time the company files unregistered securities with the SEC according to a concurrent filing.

The company is an independent film distribution and discovery subscription platform and forum. Subscribers can stream thousands of movies for $5 per month. IndieFlix also allows independent filmmakers to non-exclusively sell their films while maintaining their rights. The company uses a proprietary revenue-sharing Royalty Pool Minutes (RPM) model under which filmmakers get paid for every minute watched by an IndieFlix subscriber.

The company is headquartered in Seattle WA. IndieFlix disclosed having revenues on or below $1 million.
The executive team includes Kristie Lanum and Scilla Andreen.
The board of directors includes Paul Pigott.

In a concurrent filing, IndieFlix disclosed having raised $2.16 million in a fully subscribed offering.
The company has raised an estimated total of $2.36 million via private unregistered security offerings.

Offering recap
Status: First close
Company: IndieFlix
Industry: Other
Amount offered: $2 million
Amount placed: $200,000
First sale: 03-13-2014
Data as of: 04-14-2014

Oladas garnered new subscriptions and upped its offering to $1.25 million


Change: offered +67% / raised +221% / placed 90%

oladasOladas’ $750,000 equity financing round increased by 67% to cap at $1.25 million. An additional $780,000 worth of securities was placed by the company with three investors since the company last released data last June. This brings to $1.13 million the amount raised from the seven backers who subscribed to the offering. The subscription is structured to close once the 10% left is fully subscribed or in a few months at the latest. This is the first time the company is offering securities under regulation D of the Securities Act of 1933.

The company is behind the myLINGO smartphone application (app) which collects high-quality movie studios’ audio tracks in multiple different languages (up to 25) and make them available for live streaming in movie theaters worldwide. The app lets users download movie audio-tracks for 99 cents which are then synced to precise moments of an in-theater film, allowing non-English speakers or expatriates abroad to enjoy a movie in their native language.

The company, headquartered in Riverside CT, was registered in 2012. Oladas kept its revenues undisclosed.
The executive team includes Olenka Polak and Adam Polak (Co-founders). The board of directors includes Barclay Knapp (ProCapital).

Offering recap
Status: Intermediary close
Company: Oladas
Industry: Other Technology
Amount offered: $1.25 million
Amount placed: $1.13 million
First sale: 06-03-2013

First close of $401,000 announced by the developer of iJukebox on its $500,000 offering


DisruptiveApps, Inc. successfully placed 80% of its $500,000 non-brokered equity offering with sixteen investors as part of a funding agreement signed this month. The company expects to raise an additional $99,000 to close the offering within a year. The company raised an estimated $2.25 million via two offerings until now. The company is backed by ARC Angel Fund which invests in seed and early-stage companies with high growth potential.

DisruptiveApps develops and markets a business to business (B2B) application programming interface (API) platform called iJukebox which enables retailers to deliver licensed in-store digital music and content to their customers while letting them vote for songs to be moved up or down the queue. The app allows retailers and advertisers to market to an engaged audience and provides customers with personalized entertainment options.

Jonathan “Chip” W. Selley (Co-founder and President)  leads the Boston MA based company which was registered in 2011. DisruptiveApps elected not to disclose its revenues. The executive team includes Dennis Rivera (Co-founder and VP Operations, Finance and Corporate Strategy). The board of directors includes Justin P. Morreale and Richard L. Smith

Offering recap:
Status: First close
Company: Disruptiveapps, Inc
Industry: Other Technology
Amount offered: $500,000
Amount placed: $401,000