Change: offered +400% / raised +357% / placed 32%
Traba‘s $100,000 mezzanine financing round increased by 400% to cap at $500,000. An additional $125,000 worth of securities was placed by the company with three investors since the company last released data last October. This brings to $160,000 the amount raised from the five backers who subscribed to the offering. The offering’s expected net proceeds amount to $470,000, excluding $30,000 earmarked for the payment of officers’ salaries. The subscription will close either once the offering is sold in full or in six months, whichever one comes first. The company is issuing unregistered securities for the first time.
The company developed and maintains a site that helps users find the right job within the environment that suits them best. Job offerings are paired with videos made by Traba’s team which include employees’ interviews and convey the company’s culture.
The company, headquartered in San Francisco CA, was registered in 2013. Revenues were not reported.
The executive team includes Anuj Dhiren Shah and Terrence Wesley Cummings.
Status: Intermediary close
Amount offered: $500,000
Amount placed: $160,000
First sale: 10-04-2013
Data as of: 03-14-2014