Ondo InsurTech Raises £2.3 Million in Oversubscribed Placing
The technology company has raised £2.3 million through an oversubscribed placing, with participation from certain directors. The details of the raise price are not specified.
The technology company has raised £2.3 million through an oversubscribed placing, with participation from certain directors. The details of the raise price are not specified.
The technology company has launched a discounted retail offer to raise up to £0.20m, alongside a larger £2.28m placing. The significant discount suggests low investor appetite, which could negatively impact the share price.
The technology company has raised £2.28 million through a placing and subscription, and launched a retail offer for existing shareholders.
The insurtech firm reported strong US growth but faces widening losses and cash concerns. A capital raise is planned to support expansion and product development.
The technology company has announced the results of its recent fundraising activities.
The technology company has announced a change in its shareholder structure.
The technology company will announce its interim results and host an investor presentation next month.
The technology company has secured a contract expansion with a major US insurer to roll out its leak detection solution across more states, building on the success of previous orders.
The technology provider is expanding its claims prevention solution to more customers of a major US insurer, following a successful pilot program.
The technology company has secured a contract with a major US insurer to deploy its LeakBot water leak detection devices, marking an important expansion into the lucrative US market.