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Västra Hamnen Corporate Finance advisor in Crunchfish’s financing package
Västra Hamnen Corporate Finance has acted as financial advisor to Crunchfish AB in connection with the company’s directed share issue of approximately SEK 14 million and the establishment of a SEK 10 million credit facility. If all warrants are exercised, the company may receive an additional SEK 12–16 million.The directed issue was subscribed by both institutional and private investors, including Exelity AB, Nowo Global Fund and Oliver Molse. Together with the credit facility, the proceeds strengthen Crunchfish’s financial position and secure working capital until 2027.
Crunchfish’s CEO Joachim Samuelsson commented:
“Crunchfish is gaining traction in the market for its new go-to-market strategy where we first enable payment networks with the ability to receive resilient payments and then equip payment services with secure wallets for their end users. To ensure that the company has sufficient runway to become cash flow positive we are happy with this package as it provides financing until 2027.”
The directed issue was subscribed by both institutional and private investors, including Exelity AB, Nowo Global Fund and Oliver Molse. Together with the credit facility, the proceeds strengthen Crunchfish’s financial position and secure working capital until 2027.
Crunchfish’s CEO Joachim Samuelsson commented:
“Crunchfish is gaining traction in the market for its new go-to-market strategy where we first enable payment networks with the ability to receive resilient payments and then equip payment services with secure wallets for their end users. To ensure that the company has sufficient runway to become cash flow positive we are happy with this package as it provides financing until 2027.”
Project team
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Björn Andersson
Project Manager
Phone: +46 40 200 252
Mobile: +46 736 36 94 13