Login
Gamurs advised on US$12m capital raise
Gamurs has been advised on its recent US$12 million capital raise, in a move that will fund the continued rapid growth and expansion of the company.
Lauren Croft
Firm: Herbert Smith Freehills (Gamurs)
Value: US$12 million
Area: Venture capital
Key players: The Herbert Smith Freehills team was led by co-head of venture capital Elizabeth Henderson and solicitor Adam Ong and supported by partners Christine Wong, Toby Eggleston and Stephen Dobbs, senior associate Owen Lunney, and solicitors Roy Carbone and Mapa Madhawa, with a team working across the firms Sydney and Melbourne offices.
Deal significance: Gamurs is a leading gaming, e-sports, and entertainment media network that owns and operates a network of digital publications and social media communities with over 55 million monthly active users.
Commenting on the deal, Mr Ong said: “Working with a company and founder with such clear direction and strong growth ambitions is always a pleasure.
“Riad Chikhani and the Gamurs team are building a truly great business, and we look forward to seeing Gamurs continue its already impressive trajectory fuelled by this new capital.”
Gamurs chief executive and founder Riad Chikhani added: “We are incredibly proud to have received the backing of such an incredible group of US and Australian investors, and we thank the team at Herbert Smith Freehills for their support through this process.
“The round not only presents a fresh injection of growth capital but [also] offers the opportunity to collaborate with strategically aligned investors who will actively add value in our journey to redefine gaming and entertainment media.
“With the round now closed, we are all focused on putting the balance sheet to work with a growing pipeline of M&A opportunities.”
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.
