QouYou PBC, a Baltimore-based company that allows athletes to broadcast their skills and talents for additional exposure, raised $325,000 in a private stock offering, according to a Securities and Exchange Commission filing.
QouYou filed the form D on Feb. 14. It not disclose what it intended to do with the proceeds.
The company is operated by Simon Bate and Steve Arzoni. QouYou was founded in 2014 and is a registered 50(c)(3) non-profit organization. It is a global community that is driven by an “athlete-to-athlete, peer-to-peer” model that empowers and inspires athletes to participate in sports.
The QouYou Foundation exists to enable disadvantaged and aspiring athletes around the world to participate in sport. The company has the mission to supply new and pre-owned sports appeal and equipment to underserved communities.
Users can search athletes by age, gender, and type of sport including aquatic, cycling, endurance, martial arts, snow and more.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after their first sell their securities.
The form can be found here.
