LiveTiles
(ASX:LVT) has successfully raised $11 million via an oversubscribed share placement, which will be used to accelerate its global growth.
The mobile tech company platform will also raise up to $1 million through a share purchase plan.
LiveTiles says the funds will be used to expand the company’s customer and revenue growth.
It will invest in sales, marketing and customer success team to aggressively grow its global footprint.
It comes LiveTiles' annualised subscription revenue rose 293 per cent in FY17 to $4 million.
Shares in LiveTiles
(ASX:LVT) are trading flat at $0.21.
