iArena announced that it will raise an equity round of funding for minimum proceeds of €0.6 million and maximum proceeds of €1.8 million on June 24, 2021. The transaction will be raised through crowdfunding platform BacktoWork24. The company will issue 6.78% equity at a pre-money valuation of €4.8 million. On the same day, The company announced that it has received its first tranche from Carlo Francesco Dettori for €200,000 and DigiTouch S.p.A. (BIT:DGT) for €400,000.