Unbound Concepts is in the market with a $550,000 non-brokered mezzanine placement. The placement, which hasn’t started to sell, is structured to close in June 2015 or once the placement is fully subscribed. One prior placement was closed under regulation D by the company and raised an estimated $1 million.
The company is the developer behind BookLeveler. The application provides reading level ratings for books once users scan the ISBN. It allows users to search for books based on level, grade or curriculum. The company gets data through crowd sourcing and also mines ebooks to extract details such as reading levels, topics, features and concepts. The data can then be leveraged by book sellers for recommendations and by teachers to match books to their students skills and interests.
The company, headquartered in Baltimore MD, is led by Katie Palencsar (CEO). Unbound Concepts kept its revenues undisclosed.
The executive team includes Heather Gilchrist, Julie Lenzer Kirk and Tom Murdock.
Company: Unbound Concepts
Industry: Other Technology
Amount offered: $550,000
Data as of: 06-19-2014