POSTED : 17,01,18 - 1:56 pm OSLO, NORWAY – 17 January 2018, – Biometric technology company Zwipe is pleased to announce that the company in December 2017 raised an additional $1.2 million (NOK 9.6 million) in relation to the $4.3 million (NOK 35 million) private placement of new shares to existing and new investors announced 30 November 2017. This latest round of financing then adds up to $5.5 million (NOK 44.6 million).

The size of the equity capital raise was increased after the extraordinary general meeting held 7 December 2017 to meet demand for shares from existing shareholders.

The latest equity capital round brings the total raised in equity, debt, and grants since inception to $25.6 million (NOK 208 million). Zwipe continues to be owned by both institutional and private investors, in addition to employees and board members. After the transaction, key employees, including the CEO and founder, and board members hold in total 37.2% of the outstanding shares.

 

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Zwipe IR Contact: Lisbeth Breum, CFO +47 93 22 81 26, lisbeth@zwipe.com