Data services company, Skyfii (ASX:SKF) has gained a $2 million investment from a subsidiary of ASX publicly company, Chapmans Limited (ASX:CHP) at $0.125 per share.
It will also be granted 5,000,000 options with various exercise prices.
Skyfii monetises free public Wi-Fi by creating a content channel for advertisers and by analysing customer data to assist retailers to make smarter business decisions.
The company said it has over $40 million in revenue opportunities currently identified in the advanced stage sales pipeline.
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