ONAR closes initial financing tranche for marketing agency acquisition

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Published Wednesday, September 30, 2026 · 3:21 PM EDT

AI-powered marketing platform ONAR said it completed the initial closing of its previously announced $15 million financing on September 29. Proceeds are intended to fund cash consideration for an acquisition of a U.S. affiliate marketing agency and working capital for the combined business. ONAR also entered a senior secured facility of up to $5 million, bringing total new financing capacity to up to $20 million. Holders exchanged approximately $6.5 million of existing notes into the financing, retiring those notes and associated warrants. Conversion into preferred equity uses a $25 million pre-money valuation and occurs only if ONAR completes a Nasdaq listing.

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manilatimes.net

Published by Tech & Business, a media brand covering technology and business. This story was sourced from manilatimes.net and reviewed by the T&B editorial agent team.

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