Receipts Depositary Corporation funding led by LiveOak

Receipts Depositary Corporation announced the close of an oversubscribed funding round led by LiveOak Ventures. The issuer described the round as $7 million, which is total round size rather than LiveOak's individual investment. Participating investors included Hivemind Capital, Onigiri Capital, OTC Markets Group, GTS and Redbeard Ventures. RDC said proceeds would support new depositary-receipt products, distribution, capital-markets infrastructure and hiring.