Affectiva, Inc. announced that it will receive issue 9,978,712 series B preferred shares at a price of $3.0064 per share for gross proceeds of $30,000,000 in a round of funding on December 20, 2018. The shares issued pursuant to the transaction will be convertible into common shares of the company at a conversion price of $3.0064 per share. The shares are non-redeemable.

The company will issue convertible preferred shares in the transaction pursuant to exemption provided under Regulation D. The transaction will be raised at a post-money valuation of $86,710,989.