FBC represented Twine Solutions Ltd. in a financing round of US $3,500,000

By Raz Tepper & Sharon Klein-Manbar | Mar 2017 | Transaction

FBC represented Twine Solutions Ltd. in an equity financing round, led by Gefen Capital Investments L.P. As part of the financing round, Twine raised an aggregate amount of USD$ 2,390,000 from Gefen and from additional investors, in consideration for issuance of Series B Preferred Shares, and convertible loans previously granted to the company, in an aggregate amount of approximately US $1,110,000, were converted into Series B Preferred Shares of the company.
Twine is a technology start-up, developing proprietary digital selective thread dyeing systems and digital dye to match color algorithms that will revolutionize the thread, fabric and garment industries.