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Aussie tech company advised on $20m cap raise
Metigy has completed a $20 million capital raise, led by private equity firm Cygnet Capital.
Reporter
Firm: Herbert Smith Freehills (Metigy).
Value: $20 million capital raise.
Area: Venture capital.
Key players: The HSF team was led by partner and head of venture capital Peter Dunne, who was supported by senior associate Claire Thompson and solicitor Myra Beal.
Deal significance: Speaking about the raise, Mr Dunne said that Metigy is an example of “great Australian technology” that addresses important unmet needs for SME businesses.
“It was fantastic to work with David again on this capital raise, having previously acted on the company’s series A in 2019. We look forward to the next stage of Metigy’s incredible journey,” he said.
Metigy chief executive David Fairfull added: “We have worked with the Herbert Smith Freehills team through multiple capital raises and rapid growth, and their advice and understanding of the market has been invaluable. Their input and advice goes well beyond the functional legal matter we are working on, and we really value their counsel.”
