Dacian Petroleum S.R.L. announced that it will receive $14 million in a round of funding led by new investor, LMS Capital plc on August 12, 2020. The company will issue unsecured loans and equity in the transaction. As a part of the transaction, LMS Capital plc will invest $9.05 million and will hold 32% stake into the company.

The transaction also included participation from other investors and company's management. The company's founder group will hold 50% stake and other co-investors including the LMS Directors will hold 18% stake in the company. The Unsecured Loans are maturing after 7 years and bearing interest at 14%.