Data / Crowdfunding / Texas / Native Hostel Austin LLC
Native Hostel Austin LLC: crowdfunding raise on NextSeed US LLC, $275,000 to $500,000 (2016)
Native Hostel Austin LLC, a limited liability company in Austin, TX, filed a Form C with the SEC on June 17, 2016 to raise $275,000 to $500,000 in debt through NextSeed US LLC. The offering closed on July 11, 2016. In its most recent fiscal year it reported $0 in revenue and $0 in net income, with 1 employees.
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- Website
- nativehostels.com
- Funding portal
- NextSeed US LLC
- Address
- 807 E. 4TH STREET, Austin, TX 78702
- Legal form
- Limited Liability Company
- Jurisdiction
- TX
- Incorporated
- March 31, 2016
- SEC CIK
- 0001674180
Offering terms
From the amendment filed June 17, 2016.
- Security
- Debt
- Target
- $275,000
- Maximum
- $500,000
- Deadline
- July 11, 2016
- Portal compensation
- 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.
Financials
From the Form C-AR filed May 1, 2017.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $0 | $-45,869 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,605,370 | $0 | sec.gov |
| Cash | $6,714 | $0 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $1,146,500 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2017 | Annual report | Not listed | Not listed | sec.gov | ||
| August 29, 2016 | Progress update | $275,000 | $500,000 | July 11, 2016 | Native Hostel Austin LLC raised a total of $396,500. | sec.gov |
| June 17, 2016 | Amendment | $275,000 | $500,000 | July 11, 2016 | To update certain images and add an example of how revenue share works on the offering page. | sec.gov |
| June 3, 2016 | Amendment | $275,000 | $500,000 | July 11, 2016 | To update certain images on the offering page. | sec.gov |
| May 27, 2016 | Amendment | $275,000 | $500,000 | July 11, 2016 | To update certain images and add bonus rewards on the offering page. | sec.gov |
| May 16, 2016 | Offering | $275,000 | $500,000 | July 11, 2016 | sec.gov |
Updated May 1, 2017. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.