$16.97 million first close filed by Homepolish

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XDATA – January 22nd 2016
$16.97 million was raised by Homepolish according to information filed with the SEC. The company initiated a first close after selling 79% of its planned $21.5 million unregistered private offering. The non-brokered equity securities started to be sold to six investors on January 8th. Based on the offering’s structure, the company has until January 2017 to raise an extra $4.53 million. The equity offering’s expected net proceeds will amount to $10 million which excludes $11.5 million to be paid toward officers’ salaries. It appears to be the first time the company is filling a security offering under a registration exemption.
Homepolish develops an interior design marketplace where users can select designers by the hour from a pool of hand-vetted tastemakers.
The company, headquartered in New York NY, is led by Gerald N Santos (CEO). Homepolish elected to keep its revenues undisclosed.
The executive team includes William M Nathan.
The board of directors includes Andrew Hunt.
Offering recap
Status: First close
Company: Homepolish
Industry: Other Technology
Amount offered: $21.5 million
Amount placed: $16.97 million
SEC filing: Source
First sale: 01-08-2016
Data as of: 01-22-2016

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