Friday, September 30, 2022

Triller Lines Up $310M Post Public Offering

Los Angeles-based Triller, which offers up a social video app which competes with TikTok, said on Wednesday that it has raised $310M in a funding, as it plans to become a public company. According to the company, the investment is coming from Luxembourg-based GEM, a private alternative investment group. Triller said that GEM will provide it with up to $310M in equity capital--after it becomes a public company. Triller says it expects to start trading in early Q4 as ILLR. Triller is led by CEO and Chairman Mahi de Silva.