Cloud communications platform Whispir closed its oversubscribed $45.3 million capital raising in only 2.5 hours on Monday night, with institutional investors surprising even CEO Jeromy Wells with their enthusiasm.

Coming at a 2.8 per cent discount to Whispir’s closing price on Monday, the capital raise means the company is delaying its plans to reach earnings before interest, tax, depreciation and amortisation profitability by a year from the 2022 financial year to 2023, in order to take advantage of the accelerated digitisation agendas of its client base on the back of COVID-19.