We recently reported the existing news that our portfolio partner, Provia Laboratories LLC (Provia), had engaged US Capital Partners Inc. (US Capital) as its strategic advisor for a $2M capital raise.
The details of the engagement are now available at http://www.provialabs.com/investor-relations.
Prove are planning to utilise the new financing primarily to grow its sales and marketing function to support new products and services.
Scott Wolf, President and Director of Research for Grace Century, commented “Grace Century is thrilled to have handed over the reins to Provia’ s first Institutional funder U.S. Capital. As a Board advisor, we will continue to assist in all other areas, especially in help Provia expand here in the Middle east and Asia.”