NewStem Ltd. announced that it will receive $4,000,000 in its seed round of funding from new investor Hollywood Media Corp. (OTCPK:HOLL) on July 16, 2018. The company will issue common shares in the transaction. The round will raise at post-money valuation of $10,000,000. The company has received $2,000,000 in its first tranche. As part of the transaction, the investor has 20% stake in the transaction. The investor will provide rest of the amount in next two tranches of $1,000,000 each – at 12 months and 18 months from its initial investment. The transaction will boost the investor’s ownership in the company to 33%.