Evrnu SPC announced that it will issue 12,317,721 series B preferred shares at issue price of $1.3431 per share for the gross proceeds $16,543,931.0751 in funding on October 6, 2021. The shares will be convertible in common shares at a fixed conversion price of $1.3431 per share. The round will be raised at post money valuation of $53,534,843.

The company will issue securities pursuant to exemption provided under Regulation D.