Tuesday Morning Secures Commitment For 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 that it has entered into an agreement to secure $32 million in convertible debt financing from a special purpose vehicle (“SPV”) formed by Retail Ecommerce Ventures LLC (“REV”), the owner of a diverse portfolio of consumer brands that includes Pier 1 Imports (“Pier 1”), Linens ‘n Things, Stein Mart, Modell’s Sporting Goods, and Ayon Capital, LLC (“Ayon”). Additionally, certain members of Tuesday Morning’s management team, including Chief Executive Officer Fred Hand, are providing $3 million in convertible debt financing.
Quick answer
Tuesday Morning raised an undisclosed amount in a Corporate Round round, dated September 9, 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 9, 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.
- 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.
- Impossible Kicks raised $3M (Series A) on September 20, 2022.
Who to call at Tuesday Morning, and when
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- 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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