Trade Window’s $20m capital raise falls well short at $5.4m

CEO AJ Smith says Trade Window will review its strategy and cut R&D for now. (Image: Trade Window)

Mon, 27 Feb 2023

Digital customs and verification software provider Trade Window is looking urgently at cutting research and development costs and for new sources of capital after pulling in only $5.4 million in an attempted $20m raise.Announced on Jan 17, the $20m target was intended to provide cash for the company to continue operating for two years, based on disclosure last November that it was burning $959,000 in cash a month as it pursues a classic software-as-a-service (SaaS) model in which rapid revenue growth is pursued ahead of eventual profitability.T...

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