Tuesday Morning Announces Closing Of Strategic Investment From Group Led By Retail Ecommerce Ventures, The Owner Of Pier 1 Imports And Top Consumer Brands
Round Type
Corporate Round
DallasE CommerceFashionRetailDescription
Tuesday Morning Corporation (NASDAQ: TUEM) (“Tuesday Morning” or the “Company”), a leading off-price retailer of home goods and décor, today announced the closing of its strategic transaction (the "Transaction") to secure $35 million in convertible debt financing. The Transaction includes a $32 million investment from a special purpose vehicle (“SPV”) formed by Ayon Capital, LLC (“Ayon”) and Retail Ecommerce Ventures LLC (“REV”), which is the owner of a diverse portfolio of consumer brands that includes Pier 1 Imports (“Pier 1”), Linens ‘n Things, Stein Mart and Modell’s Sporting Goods. The Transaction also includes $3 million provided by certain members of Tuesday Morning’s management team, including Chief Executive Officer Fred Hand.
Quick answer
Tuesday Morning raised an undisclosed amount in a Corporate Round round, dated September 21, 2022. Tuesday Morning is based in Dallas, Georgia, United States.
- How much did Tuesday Morning raise?
- Tuesday Morning raised an undisclosed amount in a Corporate Round round on September 21, 2022.
- What does Tuesday Morning do?
- Terms Also Include a Licensing Agreement That Will Enable Tuesday Morning to Sell Pier 1 Products Transaction to Result in a “Change in Control” of Tuesday Morning, with Retail Ecommerce Ventures and Ayon Capital..
- Where is Tuesday Morning based and how big is it?
- Tuesday Morning is based in Dallas, Georgia, United States.
Source: Fundz verified event record.
Who else raised in E Commerce and Fashion around the same time
Companies in the same sectors as Tuesday Morning that raised within 45 days of this round, from Fundz verified event records.
- EcoSoul Home raised $8.9M on October 28, 2022.
- Centric Brands raised an undisclosed amount (Funding Round) on October 21, 2022.
- Stockly raised $12M (Funding Round) on September 28, 2022.
- Caraway raised $35M on September 28, 2022.
- Perfect Moment Ltd. raised $5.5M on September 23, 2022.
- FS Life raised $6.2M (Series B) on September 22, 2022.
Who to call at Tuesday Morning, and when
A new round usually means Tuesday Morning is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Tuesday Morning raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Tuesday Morning, from your own LinkedIn network
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Tuesday Morning raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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