Brighte secures $15.5m from suite of investors

Ashurst has advised Brighte in securing more than $15 million from investors on their fourth equity capital raising.

Naomi Neilson • 28 October 2019 • Big Law

Firm: Ashurst (Brighte)

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Deal: Ashurst has advised fintech Brighte on their fourth equity capital raising.

Value: $15.5 million.

Area: Equity capital raising.

Key players: The Ashurst team was led by Stuart Dullard who was supported by senior associate Samantha Robson and associate Rory McLeod.

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Deal significance: The current round of fundraising has seen Brighte secure $15.5 million from a suite of investors led by AirTree Ventures.

Brighte provides credit products that finance the purchase of solar and energy-related products and the latest round will enable their expansion into the home improvement industry.

Mr Dullard said: “We’re delighted to be continuing our strong relationship with Brighte, advising on this successful capital raising. Once again it is a clear vote of confidence in the Brighte team and their vision.

“The ever-growing prominence of fintechs in Australia opens up new opportunities for business and for customers and Brighte is exceptionally well positioned in the market. It is exciting to advise clients like Brighte who are leading the charge and evolving their business to take advantage of the changing environment.”

naomi.neilson@momentummedia.com.au