StrongRoom AI will be forced to detail if its founders and board members received any money from the company in the two months since it raised $17 million after Sydney venture capital firm EVP successfully sought freezing orders over the pharmaceutical software start-up’s assets.
The court orders against StrongRoom’s founders Max Mito and Christopher Durre and directors Peter Bruce-Clark and Divesh Sanghi were made days after the collapse of the company. The failure of StrongRoom has created significant investor animosity, with shareholders blaming EVP for publicly raising concerns that the company misrepresented its finances.
Loading…
