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BaseUp completes $4.25m funding round
After an initial seed funding round in 2020, BaseUp has now completed a seed+ funding round in a deal worth $4.25 million.
Lauren Croft
Firm: Addisons (BaseUp)
Value: $4.25 million
Area: Capital markets
Key players: The Addisons team advising BaseUp was led by managing partner Kieren Parker, with support from senior associate Rebecca Dooley and solicitor Max Jamieson.
Deal significance: BaseUp operates a dynamic parking management platform, which enables organisations to optimise the use of parking assets and monetise unused parking spaces.
After raising a seed round in early 2020, BaseUp completed a $4.25 million seed+ funding round in July 2022, led by venture capital group Marbruck Investments.
Commenting on the deal, Mr Parker said: “BaseUp has been gaining real traction in the past 12 months, signing a number of blue-chip corporate and government clients in Australia and expanding its operations to the US, and now closing a seed+ funding round. Congratulations to co-founders Alex Peck, Jack Perkins and Peter Carey, and we are excited to see what the next 12 months holds.”
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
