iCar Asia Limited
(ASX:ICQ) says it has completed a $23 million capital raising and will resume trading on the market today.
The placement raised around $17.5 million through a right issue.
Major shareholder Catcha Group also committed $5 million within the next 2 months.
The money will be used to expedite growth and expansion as well as invest in new technology.
iCar Asia reported a net loss of $6.4 million for the 2016 financial year.
