Inika closes first capital raising

The capital raising was led by Singapore based investment company Cardinia Partners

Australian cruelty free cosmetics company Inika has closed its first capital raising which was led by Singapore based investment company Cardinia Partners. The amount raised by the convertible bond issue has not been disclosed but, according to a report in Deal Journal Australia, Cardinia’s target investment size is between US$2m and US$8m. The funds will be used to invest in both product expansion and global growth.

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