PwC Legal has advised LimeWire on raising USD 10.4 million in a private sale of its native token, LMWR, in a round led by Kraken Ventures, Arrington XRP Capital, and GSR.
LimeWire is a digital collectibles marketplace for music and the broader art and entertainment space.
According to PwC Legal, LimeWire will use these funds to grow the LimeWire team, extend partnerships, support artists, and curate high-quality content on the LimeWire platform.
“We expect strong interest in the public token later this year,” commented LimeWire co-CEOs Julian and Paul Zehetmayr. “The LMWR token sits at the heart of the LimeWire ecosystem and allows you to participate actively.”
PwC Legal’s team was led by Partner Priit Latt and included Partner Indrek Ergma and Head of Banking and Finance Kirill Lezeiko.
PwC Legal did not respond to our inquiry on the matter.