Median Technologies SA announced that it has entered into security purchase agreement for €10 million in a round of funding on July 12, 2023. The transaction included participation from new investors, Celestial Successor Fund L.P., a fund managed by Lake Bridge Capital Inc. The company issued convertible bonds in the transaction. The bonds will have interest rate at 8.5% and will mature after 7 years of issuance.

The conversion price of the convertible bonds was set at €6.458. The transaction is expected to close on July 21, 2023