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OwnHome Technologies completes $31m capital raise
Property financing business OwnHome Technologies has been advised by global law firm Herbert Smith Freehills on its $31 million Series A capital raise.
Jerome Doraisamy
Firm: Herbert Smith Freehills (OwnHome Technologies).
Value: $31 million.
Area: Venture capital.
Key players: The HSF team was led by co-head of venture capital in Australia Elizabeth Henderson, as well as solicitors Adam Ong and Esther Adeyinka. The trio were supported by head of banking regulatory in Australia Tony Coburn, as well as a team across the firm’s Sydney and Melbourne offices and associated tax practice Greenwoods & Herbert Smith Freehills, led by partner Toby Eggleston.
Deal significance: OwnHome co-founder James Bowe said: “We’ve loved working with HSF across a range of topics alongside this capital raise, including the regulatory landscape for alternative paths to homeownership.
“Their counsel has been invaluable on our journey to date. We’re conscious that there’s a lot of work to be done in expanding access to homeownership in Australia and we’re glad to be working with the best and brightest on these topics.”
Ms Henderson added: “It has been wonderful assisting James, Tim and the OwnHome team on this capital raise.
“OwnHome has set out to tackle the big issue of housing affordability and this investment marks an exciting point in the company’s growth. We were honoured to be part of their journey and thank them for trusting Herbert Smith Freehills with guiding them through this raise.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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