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This additional cash will most likely be going toward product development and manufacturing for the TBA WiFi portable music player and satellite car kit.
Rohin Dharmakumar, co-founder and CEO of The Ken, told TechCrunch that the company still has more than half of its $400,000 seed round in the bank, but it has raised this additional cash to go after new opportunities.
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Building on this success, DfID's UK Aid Match fund has generated over half of the additional cash that allowed the programme to reach more women and landless youth.
Much of the additional cash has come from various crowdfunding websites.
We have incorporated the additional cash and reduced our risk factor on the soy pipeline.
In a buy note, Peel Hunt said: This will deliver additional cash ($3m now and $6m in milestones), provides a potential commercialisation partner and adds new geographic markets (the US and Argentina as well as Brazil).
For the benefit of consumers, we hope that this will not have additional "cash advance" fees as we believe that cards provide wider access to digital currency than just bank accounts.
Due to increased needs this was later augmented by a further additional cash allocated from the contingency fund.
This additional guaranteed cash flow would fully service an additional loan of $8,250.00 taken out when the child was born.
But there could have been additional cash involved, which would not be disclosed in this filing.
And there could have been additional cash involved, which would not be disclosed in this filing.
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