swatchbook, Inc. announced that it will issue 1,800,000 series seed preferred shares at an issue price of $2.00 per share for gross proceeds of $3,600,000 in funding on May 24, 2022. The company will issue securities pursuant to exemption provided under Regulation D. The shares are issued at $0.01 par value per share. The shares will be convertible into common shares at a fixed price of $2.00 per share.

The transaction is being raised at a post-money valuation of $23,600,000.