TLDR:
- Satsuma closes £100M+ raise to expand decentralized AI and Bitcoin infrastructure.
- A third round with a $100K minimum targets U.S. strategic investors until July 28.
- Fortified and Dawson James Securities led the raise for global and U.S. backers.
- CEO Henry Elder says institutional demand exceeded expectations by a wide margin.
Satsuma Technology has officially wrapped up its second convertible loan round, pulling in more than £100 million from global backers.
The deal, aimed at growing its role in decentralized AI and Bitcoin infrastructure, attracted major funds and investors. A third, smaller round targeting strategic U.S. investors is now underway.
The company says it’s preparing for rapid growth as committed funds are expected to settle within weeks. This marks a big step in its plans to lead London’s crypto and AI crossover space.
Satsuma With More Than £100 Million Locked In
Satsuma confirmed that the second convertible loan round exceeded its minimum raise goal. The company stated that several high-profile investors are now on board. Once the funds are converted, some of these names will become notifiable shareholders.
The offer was managed by Fortified Securities for non-U.S. participants, while Dawson James Securities handled U.S. commitments. Satsuma said the raise drew strong support from institutions aligned with its vision of merging treasury functions and decentralized AI.
The board also approved a limited third round of funding. This phase targets U.S.-based strategic investors who couldn’t meet the previous $1 million minimum. Satsuma adjusted the threshold to $100,000.
This short window is only open to vetted investors approved by the U.S. placement agent. The company expects to close this round by July 28. These investors will not count towards the original £100 million total.
Leadership Signals Big Growth Ahead
CEO Henry Elder called the outcome “pivotal,” noting the demand far outpaced expectations. He said the company launched the raise to gauge institutional interest and was “overwhelmed” by the support.
According to Elder, Satsuma is now ready to scale its Bitcoin and decentralized AI operations from London.
Chief Bitcoin Strategist Mark Moss said the raise confirms strong faith in Satsuma’s long-term direction. He expects the new capital to support both Bitcoin accumulation and infrastructure growth.
Moss believes this will strengthen institutional Bitcoin access across Europe.
Chairman Matt Lodge said the raise will help the company expand operations quickly. With a solid capital base and experienced hires, he believes Satsuma can offer solid returns through smart developer investment. Lodge emphasized that revenues and funds will be managed under a previously announced treasury structure.
He added that Satsuma plans to use its London platform to lead the next wave of decentralized infrastructure. The company also aims to educate businesses looking to adopt Bitcoin as part of their financial strategies.
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Source: https://blockonomi.com/uk-tech-firm-satsuma-raises-over-100m-to-fuel-bitcoin-and-ai-growth-from-london-base/