Vesper Technologies Inc. announced that it expects to receive $18.7114 million in funding
April 29, 2021
Share
Vesper Technologies Inc. announced that it will issue 1,211,850 series B-1 preferred shares at issue price of $15.44036 per share for the gross proceeds $18,711,400.266 in funding in April 2021. The shares are convertible and non-redeemable. The shares will be convertible in common shares at a price of $15.44036 per share. The round will be raised at post money valuation of $137,162,740.
In April 2021, the company has received $8,000,000 in a round of funding led by existing investor, Applied Ventures, LLC. The transaction includes participation from existing investors, Accomplice Management LLC, Amazon Alexa Fund, a fund managed by Amazon.com Inc., Investment Arm, Bose Ventures and Sands Capital Ventures, LLC. The company has raised $65,000,000 in funding till date.
Unitrontech Co., Ltd. is a Korea-based company primarily engaged in the distribution of electronic products and electronic components. The Company operates its business through two segments: commodity segment and other segment. The commodity segment provides electronic products and electronic components including dynamic random access memories (DRAMs), NAND flashes, NOR flashes, solid state drives (SSDs), microcontroller units (MCUs) analogs, thin film transistor liquid crystal displays (TFT-LCDs) and others. The other segment provides information technology (IT) services.