- Data intelligence company Skyfii (SKF) has raised another $700,000 under a share purchase plan to help fund its acquisition of CrowdVision
- Skyfii had originally sought to raise up to $1 million, but ultimately issued just over four million shares at 16.5 cents each
- With the share purchase plan complete the company has a total of around $10.7 million on hand
- Skyfii will now need to make a deferred payment to the vendors of CrowdVision of between US$6 million and US$7 million (between A$7.72 million and A$9.01 million) within the next three months
- The company generated US$3.1 million (roughly A$3.99 million) in 2020, US$1.7 million (roughly A$2.19 million) of which came from software-as-a-service subscription revenues
- Skyfii remains steady at $0.16 per share
