Wyre, Inc announced that it will issue 6,260,433 series B preferred shares at a price of $1.3178 per share for the gross proceeds $8,249,998.6074 in a round of funding led by Pantera Capital Management LP on December 13, 2018. The transaction will also include participation from new investor Ether Capital Corporation (OTCPK:DTSR.F) and other industry-leading investors. The company will issue the securities pursuant to the exemption provided under Regulation D. The preferred shares will be entitled to receive non-cumulative dividend at rate of $0.10542 per share and will be convertible into common shares at a price of $1.3178 per share. The shares are convertible, participating and non-redeemable. The transaction will be raised at post money valuation of $25,381,818.

On the same date, the company announced that it has issued 1,138,260 preferred shares for the gross proceeds $1.5 million from Ether Capital Corporation (OTCPK:DTSR.F) for a minority stake in its first tranche of the transaction. As a part of the transaction, a representative from Ether Capital Corporation (OTCPK:DTSR.F) will join the board of directors of the company.