The Smarter Web Company Raises $5 Million in Latest Funding Round

London-based technology firm The Smarter Web Company (SWC) recently secured £3.7 million ($5 million) through a recent subscription offering. The company issued 1,898,201 ordinary shares at a price of roughly £1.93 each, with expectations to receive about 97% of the net proceeds this week. This funding round ran from August 11 to 22, and the remaining 2,591,799 ordinary shares are set for a new subscription agreement. While the company hasn’t disclosed specific plans for the funds, some reports suggest they may allocate a portion towards Bitcoin purchases.