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Amount Raised
$7.5 Million
MelbourneDescription
Private photo sharing and journaling app Tinybeans is tapping investors on Tuesday to raise $7.5 million to fund a marketing push and product development.
Company Information
Location
Melbourne, Florida, United States
About
The company has Bell Potter acting as lead manager and the raise takes the form of a $6.5 million placement and a $1 million share purchase plan for existing retail holders. The raise follows the small cap company achieving record quarterly revenue of $US2.5 million in the second quarter of its 2022 financial year, according to a term sheet seen by Street Talk, While the company started out as a photo sharing app, it has since launched a new website and app, which gives parents advice on activities to do with their kids, places to go, parenting tips and tricks and gift ideas.