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Baraja advised on $40m funding round

LegalVision has advised the maker of LiDAR autonomous vehicles on its $40 million funding round.

April 08, 2021 • By Emma Musgrave
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Jill McKnight
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Firm: LegalVision (Baraja).

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Deal: Baraja has completed its latest funding round. The round was led by Blackbird Ventures, with Main Sequence Ventures also returning for this round. A number of new investors also joined, including Regal Funds Management, InterValley Ventures and industry superannuation fund HESTA, a statement from LegalVision confirmed.

 
 

Value: $40 million.

Area: Finance.

Key players: The legal team advising Baraja was led by practice leader Jill McKnight, who was assisted by lawyer Sophie Mao.

Deal significance: Baraja is a Sydney-based company that develops innovative technology for navigation in self-driving vehicles by rendering precise images of their surroundings.

According to LegalVision’s statement, Baraja will use the funds from this funding round for hiring and to accelerate the development of its LiDAR technology. So far, the company has raised $90 million since it was founded in 2015.

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The company is also now deploying its technology to customers in the mining industry, including Japan’s Hitachi Construction Machinery – which also invested in this round.

“Like so many fantastic Australian startup success stories, Baraja started in a garage,” said practice leader Ms McKnight.

“Today, the company is attracting the attention of many global car manufacturers and construction companies. Having joined their journey with their angel and seed rounds, we were delighted to work with Federico and Cibby again on closing this funding round.”

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Emma Musgrave

Emma Musgrave

Author

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. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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