# ONAR closes initial financing tranche for marketing agency acquisition

_Published Wednesday, September 30, 2026 at 3:21 PM EDT · Capital · Latest · Tier 2 — Notable_

![ONAR closes initial financing tranche for marketing agency acquisition — Primary](https://manilatimes.net/manilatimes/uploads/images/2026/09/29/1238298.png)

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.

## Sources

- [manilatimes.net](https://www.manilatimes.net/2026/09/29/tmt-newswire/globenewswire/onar-announces-initial-closing-of-15-million-financing-at-a-25-million-pre-money-valuation-to-fund-the-largest-acquisition-in-company-history/2435152)

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Canonical: https://techandbusiness.org/newswire/cdYCrKDoeGkow6v76EwAYN
Published: 2026-09-30T19:21:56.391Z
Story chronology: 2026-09-29T00:00:00.000Z
Retrieved: 2026-09-30T21:23:23.176Z
Publisher: Tech & Business (techandbusiness.org)