Parent company LHV Group raised the capital via an oversubscribed rights issue.
"The funds raised are a key step in the UK banking licence application process. In tandem with this ongoing process, we continue to scale up LHV UK's operations. We're currently hiring vigorously for our open positions across London, Leeds, and Tallinn and continue to develop new client-facing products."
NPIF Maven Equity Finance provided the capital to support product development and audience growth.
"This exciting, customer-centric business is a great addition to the Maven and NPIF portfolio. The business has great future ambitions and is fast becoming a key name within the fintech industry. We have been impressed by the quality of the management team and existing shareholder base."
The cannabis distributor secured £7.4m alongside a string of international acquisitions.
"Sana’s latest fundraising round and rapid growth clearly shows the appetite for a well-run, regulated legal cannabis market in Europe. With estimates of a million people in the UK potentially buying medicinal cannabis from the black market due to financial and legal barriers, accessible solutions like Sana are desperately needed."