Yojee Secures $5.4M to Accelerate MOSAIC Platform and Asia Pacific Growth
Yojee Limited has successfully raised $5.4 million through an oversubscribed placement, fueling development of its MOSAIC freight forwarding platform and expansion across the Asia Pacific region.
- Oversubscribed placement raising $5.4 million at $0.32 per share
- Funds earmarked for MOSAIC platform development and TCMS expansion
- Placement to be settled in two tranches by mid-August 2025
- Directors to participate pending shareholder approval
- 708 Capital appointed as lead manager with broker options issued
Strong Investor Backing for Yojee’s Growth Ambitions
Yojee Limited (ASX – YOJ), a logistics technology company focused on streamlining freight operations, has announced a successful capital raise of $5.4 million through an oversubscribed placement. The company issued 16.875 million new shares at $0.32 each, reflecting robust support from existing shareholders, industry participants, and sophisticated investors alike.
Funding the Future of Freight Forwarding
The fresh capital is primarily targeted at advancing the development and commercialisation of Yojee’s MOSAIC freight forwarding platform. This platform aims to modernise and simplify complex logistics workflows for freight forwarders and customs brokers, offering a world-class digital solution tailored to industry needs. Additionally, funds will support the expansion of the Transport Carrier Management System (TCMS) across the Asia Pacific region, alongside general working capital requirements.
Placement Structure and Director Participation
The placement will be settled in two tranches – the first tranche of approximately $4.7 million is expected to be issued on 10 July 2025, followed by a second tranche of $600,000 around mid-August. Notably, company directors have committed to participate by subscribing for 312,500 shares, subject to shareholder approval at the upcoming meeting. This director involvement signals confidence in the company’s strategic direction and growth prospects.
Strategic Partnership with 708 Capital
Yojee appointed 708 Capital Pty Ltd as the lead manager and bookrunner for the placement. The arrangement includes management and selling fees totaling 6% of the gross proceeds, plus the issuance of 3 million broker options exercisable at $0.50 each over five years. This partnership underscores Yojee’s commitment to securing experienced financial support as it scales its technology offerings.
Positioning for Market Leadership
CEO Mark Connell expressed enthusiasm about the capital raise, highlighting it as a clear vote of confidence in Yojee’s vision and team. With the new funding, Yojee is well-positioned to bring its MOSAIC platform to market and expand its footprint in the competitive logistics technology space, where digital innovation is increasingly critical to operational efficiency and growth.
Bottom Line?
Yojee’s oversubscribed raise sets the stage for accelerated platform rollout and regional expansion, but execution milestones will be key to sustaining investor confidence.
Questions in the middle?
- What are the specific development milestones and timeline for the MOSAIC platform commercialization?
- How will director participation impact governance and strategic decision-making post-approval?
- What competitive advantages does Yojee’s MOSAIC platform offer compared to existing logistics solutions?
