Braveheart Investment Group PLC (AIM:BRH) said it raised £215,113 via a conditional placing of 1,434,091 new shares at 15 pence a piece.
The proceeds will fund new investments and working capital and represented around 2.67% of the enlarged issued share capital, a statement said.
The shares were at a 10% discount to yesterday’s closing price of 16.5p.
The sale was managed by company broker Peterhouse Capital Limited (LSE:CAPD).
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Braveheart said its chief executive, Trevor Brown, subscribed for 143,407 shares in the placing, taking his total holding to 9.12%.
"We are delighted to have been able to raise this extra funding which will enable Braveheart to continue its investment in portfolio assets," commented Brown.