WeFunder, StartEngine & NextSeed Blaze Trail for Title III / Reg CF Filings

Reg CF Title III


 

Caps off to Title III!  As promised, WeFunder understood the potential of Reg CF and its opportunities for capital formation and entrepreneurship.  Operating an accredited crowdfunding platform since the fall of 2013 and then adding Reg A+ last year, Wefunder has helped fund 110 companies with over $16.5 million in capital and brings four of today’s seven offerings to the table.  Joining Wefunder, StartEngine brings two companies and NextSeed brings one company (so far).

Here are the trailblazing first offers using Title III / Reg CF, some specs and their crowdfunding platform partners:

1. Live Filing for N1CE USA, LLC Wilmington, DE.  3 current number of employees.

  • n1ceFrozen cocktails by award bartender Jimmy Dymott, Swedish DJs Sebastian Ingrosso and Axwell, and Grammy-Nominated producer Alesso.
  • Incorporated 09-16-2015
  • Wefunder Portal LLC
  • Amount of compensation to be paid to the intermediary: 3.0% of the offering amount upon a successful fundraise.
  • Simple Agreement for Future Equity (SAFE)
  • Target Number of Securities to be Offered: 50000 for $1.00 each;
  • Price determination: Pro-rated portion of the total principal value of $50,000; interests will be sold in increments of $1; each investment is convertible to one unit as described under Item 13.
  • Target Offering Amount: $50,000.00
  • Maximum Offering Amount: $1,000,000.00
  • Total Assets Most Recent Fiscal Year-end: $1255.00
  • Deadline: 11-12-2016

2. Live filing for Rodeo Donut, LLC Seattle, Washington  current number of employees: 4

  • rodeo donutsArtisanal donuts by award-winning pastry chef,  The Goodship CO co-owner and Cupcake Royale COO Nicki Kerbs.
  • Incorporated 05-06-2016
  • Wefunder Portal LLC
  • Amount of compensation to be paid to the intermediary: 3.0% of the offering amount upon a successful fundraise
  • Target Number of Securities Offered 50,000 for $1.00 each
  • Investor units. Price determination: Pro-rated portion of the total principal value of $50,000; interests will be sold in increments of $1; each investment is convertible to one unit as described under Item 13.
  • Target Offering Amount: 50,000.00
  • Maximum Offering Amount: 100,000.00 Oversubscriptions accepted
  • Deadline: 11-12-2016

3. Live offering for Urban Juncture, Chicago, Illinois, one current employee, MIT PhD, Bernard Loyd

  • Urban JunctureWorking in developing commercial real estate and related enterprises that address the needs of under served communities. Members of the Bronzeville Retail Initiative (BRI), which works with the Metropolitan Planning Council (MPC) and the Chicago Metropolitan Agency for Planning (CMAP) to develop a planning framework for retail development in Bronzeville. This framework focuses on facilitating the creation of unique retail offerings along 47th Street and at the 43rd and 51st Street and CTA Green Line transit nodes.
  • Total Assets Most Recent Fiscal Year-end: $4,551,918.97
  • Total Assets Prior Fiscal Year-end: $3,651,353.81
  • Incorporated 11-12-2003
  • Wefunder Portal LLC, 3.0% of the offering amount upon a successful fundraise.
  • Debt Offering. Pro-rated portion of the total principal value of $25,000; interests will be sold in increments of $1.
  • Target offering: 25,000.00 Maximum offering: $100,000.00 Oversubscriptions accepted
  • Deadline: 11-12-2016

4. Live offering for The Native Hostel, LLC, Austin, Texas. 3 current employees.

  • nativeIssuing in the US and Canada.  Upscale hostels.
  • Total Assets Most Recent Fiscal Year-end: 0
  • NextSeed US LLC
  • Amount of compensation to be paid to the intermediary: NextSeed charges the Issuer 10% of the total offering amount as compensation for its services provided in connection with the offering, provided that NextSeed will only charge 5% for funds raised from investors referred by the issuer.
  • Incorporated: 03-31-2016
  • Debt offering
  • Target Number of Securities Offered:  The value of the security is the face value of the note purchased by the investor.
  • Target Offering Amount: $275,000.00
  • Maximum Offering Amount: $500,000.00
  • Oversubscription’s accepted, first-come, first-served basis
  • Deadline: 07-11-2016 (at this writing, not yet live on NextSeed)

5. Live Offering for TAXA Biotechnologies, Filed in Delaware, based in SF, CA. 3 current employees, including CEO Antony Evans.  At this writing, the campaign has already raised over $445K.

  • taxa biotechnologiesGenetic plant engineers.
  • Incorporated: 03-08-2012
  • WeFunder Portal, LLC
  • Amount of compensation to be paid to the intermediary: 3.0% of the offering amount upon a successful fundraise.
  • Total Assets Most Recent Fiscal Year-end: $230,909.00
  • Total Assets Prior Fiscal Year-end: $441,532.00
  • Simple Agreement for Future Equity (SAFE)
  • Target Number of Securities to be Offered: 400,000 for $1.00 each
  • Target offering: $400,000.00
  • Maximum offering: $1,000,000.00. Oversubscriptions accepted as determined by the issuer
  • Deadline: 11-12-2016

6. Live offering for Gigmor, Inc. Filed in Delaware, based in Santa Monica, CA. Issuing in the US and Canada. 8 current employees.

  • gigmorSigned by David Baird CEO, CFO, Chief Accounting Officer, Sole Director. Gigmor connects musicians and bands to industry and talent buyers.
  • Incorporated: 11-10-2014
  • StartEngine Capital LLC
  • Amount of compensation to be paid to the intermediary: 7% to StartEngine
  • Common Stock
  • Total Assets Most Recent Fiscal Year-end: $161,623.00
  • Total Assets Prior Fiscal Year-end: $73,417.00
  • Target Number of Common Stock to be Offered: 750,000 for 0.40000 each
  • Target offering: $300,000.00
  • Maximum offering: $1,000,000.00 Oversubscriptions accepted, first-come, first-served basis
  • Deadline: 10-31-2016

7. Live Offering for Bloomery Investment Holdings, LLC, Charles Town, WV. Current number of employees: 0 (sic)

  • bloomery sweetshineArtisanal distillery, offers hootch, flavored wines.
  • StartEngine Capital LLC
  • Incorporated: 09-22-2014
  • Amount of compensation to be paid to the intermediary: 7.0% and $0.00
  • LLC/Membership Interests
  • Total Assets Most Recent Fiscal Year-end: $738,636.00
  • Total Assets Prior Fiscal Year-end: $799612.00
  • Target Number of Common Stock to be Offered: 1,000 for $300.00 each
  • Target offering: $300,000.00
  • Maximum offering: $996,000.00 Oversubscriptions accepted at the Company’s discretion
  • Deadline: 07-31-2016

Ready to invest?  Be patient, so are your peer investors — WeFunder seems to be experiencing high volume.


Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

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