Linius Technologies Secures $3.3 million Capital Injection

Highlights:

• Linius Technologies Limited (ASX: LNU) secured $3.3 million in funding, including $2.35 million in commitments and a $1.5 million standby equity facility with Eli Capital.
• Former AFL CEO Andrew Demetriou and finance expert Brent Jones joined the Board, with directors agreeing to take compensation in convertible notes to conserve cash.
• The funds will support Linius’ commercial expansion, including new sales hires, ongoing proofs of concept, and progress toward achieving cashflow breakeven.

Capital Raise Signals Renewed Investor Confidence

Linius Technologies Limited (ASX: LNU) has announced a $3.3 million capital raising initiative, backed by professional and sophisticated investors, to accelerate its commercial growth and reach cashflow breakeven. At the time of writing, approximately $2.35 million has been secured through a combination of share placement and a new convertible note facility. An additional $1.5 million standby equity facility with Eli Capital remains undrawn, providing future funding flexibility.

Board Strengthened with High-Profile Appointments

In a major leadership boost, the company has appointed former AFL CEO Andrew Demetriou and seasoned financial executive Brent Jones to its board of directors. Both will receive convertible notes in lieu of cash remuneration for FY2025/26, reflecting a shared long-term vision for Linius’ success. These appointments aim to deepen strategic oversight and enhance commercial outcomes.

Momentum Builds Under New CEO Ben Taverner

Since joining earlier this year, CEO Ben Taverner has driven strong business momentum, particularly across global sports and security verticals. The new funding will be channelled into closing high-value opportunities, expanding the sales team, and commercialising ongoing paid proofs of concept—one of which involves a major European sports league.

Strategic Cost Controls and Growth Focus

To preserve cash, directors have agreed to accept compensation in convertible notes, saving nearly $481,000. Budget efficiencies also support the recruitment of four new senior sales staff as Linius ramps up client engagement. The company’s patented video personalisation technology, Linius Media Solutions, continues to gain commercial traction and is poised for scale as the global demand for immersive, data-driven video experiences rises.

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