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King River Capital advised on Immutable investment
Global law firm Herbert Smith Freehills has advised King River Capital on its investment in Immutable’s series B capital raising.
Emma Musgrave
Firm: Herbert Smith Freehills (King River Capital).
Value: $82 million.
Area: Private equity, venture capital.
Key players: The Herbert Smith Freehills team was led by partner and Head of Venture Capital Peter Dunne, senior associate William He, and solicitor Katherine Duong.
Deal significance: Immutable is an Australian company developing a new approach to the sale of non-fungible tokens (NFTs).
As per a statement from Herbert Smith Freehills, King River Capital co-led the round with BITKRAFT Ventures, who were advised by Gunderson Dettmer Stough Villeneuve Franklin & Hachigian.
The new capital will be used to fund Immutable’s development and upkeep of Immutable X, Immutable’s trading solution for NFTs, HSF said.
Commenting on the matter, senior associate William He said: “It was a pleasure to assist King River Capital again with its investment in Immutable. Immutable is revolutionising user experiences for buyers and sellers of NFTs, and we look forward to seeing Immutable’s continued growth in this new asset class.”
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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