Tech Company Financing Transactions
Loraxian Funding Round
Loraxian closed a $50 million Series B financing round on 11/3/2017. Backers included Treasure Union Limited.
Transaction Overview
Company Name
Announced On
11/3/2017
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Series B
Investors
Treasure Union Limited (Kenny Ho)
Proceeds Purpose
Loraxian will use a significant portion of the financing proceeds to strategically acquire key technologies currently being used in its infrastructure projects.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
251 Consumers Rd. 12th Floor
Toronto ON, M2J 4R3
Canada
Toronto ON, M2J 4R3
Canada
Phone
Website
Email Address
Not Recorded
Overview
Around the globe, there is a significant pent-up demand for the development of infrastructure assets. Current models of acquiring the use of new infrastructure assets or renewing existing infrastructure assets are not meeting this demand.
Management Team
Title
Name
Email & Social
Browse more venture capital transactions:
Prev: 11/3/2017: YugaByte venture capital transaction
Next: 11/3/2017: Sift Medical Data venture capital transaction
Share this article
News on VC Transactions
We record every notable VC transaction. VC transactions on this site are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs