Engage3, Inc. announced that it will receive $35,000,000 in funding on November 17, 2021. The company will issue 26,300,000 series D-1 preferred shares at issue price of $0.7622 per share for the gross proceeds $20,045,860 and 33,900,000 series D-2 preferred shares at issue price of $0.44299 per share for the gross proceeds $15,017,361 in the transaction. The shares carry cumulative dividend rate of 8% per annum.

The shares will be convertible in common shares at a price of $0.7622 and $0.44299 per share respectively. The round will be raised at post money valuation of $107,278,129. The company will issue securities pursuant to exemption provided under Regulation D.