Publicly listed financial services software provider Praemium has raised a further $2.5 million.
The company announced to the Australian Securities Exchange today that it had raised the money via a private placement with commitments from sophisticated and professional investors.
It said the capital raising had not required shareholder approval because it was in accordance with the 15 per cent limit available under listing rules.
The company said the money would be used to fund growth in both Australia and the United Kingdom.
