Seattle Food Tech, Inc. announced that it will receive $30,734,497 in funding on January 20, 2023. The company will issue 14,664,906 series B preferred shares at issue price of $1.3638 per share for the gross proceeds $19,999,998.8028; 5,893,413 series B-1 preferred shares at issue price of $1.2274 per share for the gross proceeds $7,233,575.1162; and 3,208,891 series B-2 preferred shares at issue price of $1.091 per share for the gross proceeds $3,500,900.081. The shares are convertible, non-redeemable and non-cumulative.

The shares carry non-cumulative dividend rate of 6% per annum. The shares will be convertible in common shares at a price of $1.3638; $1.2274; and $1.091 per share respectively. The round will be raised at post money valuation of $0. The company will issue securities pursuant to exemption provided under Regulation D.