Loconav, Inc. announced that it will receive $35,628,419 in funding on June 18, 2021. The company will issue 3,673,394 series B-1 preferred shares at issue price of $8.9835 per share for the gross proceeds $32,999,934.999 and 1,307,964 series B-2 preferred shares at issue price of $2.0096 per share for the gross proceeds $2,628,484.4544 in the transaction. The shares will be convertible in common shares at a price of $8.9835 and $2.0096 per share respectively. The company will issue securities pursuant to exemption provided under Regulation D.