TreeHouse files for first close after selling 71%


treehouseA first close of $500,000 was initiated by TreeHouse on its $700,000 equity offering. So far nineteen investors committed to the non-brokered placement which started a little over a week ago. Based on the offering’s structure, the company has until May 2015 to raise an extra $200,000. Two previous unregistered financing rounds raised an estimated $8.85 million.

The company is a green local home center and building supply retailer. The company curates all its products and scores them based on health, design, performance and sustainability, as well as the corporate responsibility of the companies who made them. The company also offers a turn-key residential solar program.

The company, headquartered in Austin TX, is led by Jason Ballard (President). TreeHouse elected to keep its revenues undisclosed.

The executive team includes Garrett Boone.
The board of directors includes Bruce Hc Hill and Justin Cox.

The company has raised an estimated total of $9.35 million via private unregistered security offerings.

Offering recap
Status: First close
Company: TreeHouse
Industry: Retailing
Amount offered: $700,000
Amount placed: $500,000
First sale: 05-06-2014
Data as of: 05-14-2014

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