Allied Minds has announced that STT has secured $22.8 million in convertible bridge financing. This is underwritten by Allied Minds, with other investors expected to take down a portion of the principal. Worth stressing that this is not because they have been unsuccessful in their attempt to raise a B round.
05 Oct 2017
STT $22.8m convert bridge to B round
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STT $22.8m convert bridge to B round
Allied Minds has announced that STT has secured $22.8 million in convertible bridge financing. This is underwritten by Allied Minds, with other investors expected to take down a portion of the principal. Worth stressing that this is not because they have been unsuccessful in their attempt to raise a B round.