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HEO Robotics completes seed capital raise
Global law firm Herbert Smith Freehills has advised High Earth Orbit Robotics (HEO Robotics) on its seed capital raise.
Emma Musgrave
Firm: Herbert Smith Freehills (HEO Robotics).
Value: Undisclosed.
Area: Venture capital.
Key players: The Herbert Smith Freehills team was led by partner and head of venture capital Peter Dunne and co-head of venture capital (Australia) Elizabeth Henderson, together with solicitors Raj Mathew and Myra Beal working from the firm’s Sydney and Brisbane offices.
Deal significance: HEO Robotics is described as an Australian company and the world’s “first commercially operating in-orbit inspection company”. Its technology enables high-quality imagery and monitoring of valuable space assets and space situational awareness, as per a statement provided by Herbert Smith Freehills.
HEO Robotics’ new capital “will be employed to fund the continued growth and expansion of the company including the launch of HEO Inspect, a satellite inspection product,” the statement added.
Commenting further, co-head of venture capital (Australia) Ms Henderson said: “It was a pleasure to work with such a talented and innovative team at HEO Robotics, and to see Australian technology talent and know-how gaining momentum on the world stage. Congratulations to the company on this huge achievement.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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