XDATA – August 15th 2014
PS DEPT. sold a total of $4 million in a non-brokered equity investment round. The transaction which started a week ago, garnered the support of sixteen investors. Two previous unregistered financing rounds raised an estimated $1.9 million.
PS DEPT. develops and markets a mobile application (app) for users to have direct access to personal shoppers at select fashion retail stores. Users tell what they are looking for via text messenger and receive suggestions with pictures from experts. Users can buy what they like directly from the app, shipping is free and so are returns.
The company, headquartered in New York NY, is led by Michelle Goad (President and CEO). PS DEPT. elected to keep its revenues undisclosed.
The executive team includes Richard Wolfgang Klinker.
The board of directors includes Shana Fisher.
The company has raised an estimated total of $5.9 million via private unregistered security offerings.
PS DEPT. is registered under the name Shopservices.
Company: PS DEPT.
Industry: Other Technology
Amount offered: $4 million
Amount placed: $4 million
First sale: 08-08-2014
Data as of: 08-15-2014