|$4.79 million was raised by TrueFacet following the successful placement and issuance of its unregistered equity securities. A total of twenty-eight investors participated to the non-brokered placement which started one month ago. No offering was previously initiated by the company under a registration exemption with the SEC.
An undisclosed portion of the security issuance is related to the conversion of certain indebtedness.
|TrueFacet markets and develops an online marketplace for second-hand luxury jewelry and watches. While sellers can list their items directly on the marketplace, the company offers a consignment, authentication and refurbishing service. Financial backers include Maveron, Social Leverage, Founders Coop and Trilogy. The company is a TechStar alumus.|
|Tirath Kamdar (CEO) leads the New York NY based company which was registered in 2014. TrueFacet elected to keep its revenues undisclosed.
The executive team includes Christopher Chan.
Amount offered: $4.79 million
Amount placed: $4.79 million
SEC filing: Source
First sale: 05-08-2015
Data as of: 06-08-2015