The former chief executive of StrongRoom AI has told a court that he knew his company was at risk of insolvency after making an acquisition that it could not afford without new funding but pushed it through anyway.
Max Mito ran the pharmacy software platform before it collapsed because of alleged fraud, having founded it with his childhood friends Christopher Durre and Kieran Start in 2017. He is being pursued by EVP, a local venture capital firm that led a $17 million fundraising round earlier this year, just weeks before the company collapsed into administration and gave evidence on Tuesday as part of a lengthy liquidation.
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