LiNa closes oversubscribed £1.65m equity fundraise
Through H2 2019 LiNa successfully executed a £1.65m equity fundraise at a £6m pre-money valuation, which closed in January 2020.
The round was initially targeting £1m of new investment, however ended up being significantly oversubscribed, closing at £1.65m following a degree of scaling.
The round was corner-stoned by a strategic tier 1 automotive/transportation/supply-chain OEM expert consortium, which has board-level access to multiple blue-chip industrial and automotive OEMs. Consortium principal Niall O’Keefe has also agreed to join the LiNa board as a non-executive director.