The Smarter Web Company has announced the completion of a common stock private placement, raising approximately $2 million in new funding.

BlockBeats News, April 21st, The United Kingdom Bitcoin Treasury company The Smarter Web Company announced that it has completed a private placement of 4,286,410 common shares. The total amount raised in this placement is approximately £1.5374 million, equivalent to $2 million. The price per share is approximately £0.36. The company expects to receive approximately 98.25% of the net proceeds. The remaining balance of common shares to be issued under the current subscription agreement is 52,377,540 shares.