Pixocial Holdings Ltd. announced that it expects to receive $22.000002 million in funding from Eight Roads Ventures, FutureX ICT Opportunity Fund II LP, FutureX Capital Limited, Meitu, Inc.

Pixocial announced that it will issue 19,734,483 Series A Preference Shares at price of $1.114799 for gross proceeds of $22,000,000 on October 12, 2023. The transaction was led by new investor, Eight Roads for 8,970,219 shares for $10,000,000 and included participation from new investors, FutureX A7 for 4,485,110 shares for $5,000,000, FutureX ICT Opportunity Fund II LP for 3,588,088 shares for $4,000,000, Meitu, Inc. for 2,691,066 shares for $3,000,000.