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Upollo completes $4.15m capital raise
Upollo has been advised on a $4.15 million capital raise, which will fund the continued growth and expansion of the company.
Lauren Croft
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Firm: Herbert Smith Freehills (Upollo)
Deal: Herbert Smith Freehills has advised Upollo on its $4.15 million early seed capital raise.
Value: $4.15 million
Area: Venture capital
Key players: The HSF team was led by co-head of Venture Capital Claire Thompson and solicitor Adam Ong.
Deal significance: The round was led by Index Ventures and other venture capital firms, as well as a range of angels with backgrounds at Stripe, Notion, Cohere, Google and Canva.
Upollo is an Australian company that assists subscription businesses with customer acquisitions and retention by providing key insights by utilising innovative technology.
Cayden Meyer, Upollo’s CEO and founder, stated: “I'm excited that thanks to a new round of funding, we are accelerating our mission to bring businesses around the world [happier], paying customers by converting trial hoppers, account sharers and more. A huge thanks to the team at HSF who through their guidance, advice and efforts made a round involving investors from across the globe a great success, and set us up well as we grow in the future.”
Mr Ong added that the Upollo team “have had incredible careers across some of the world’s largest technology companies.”
“We are excited to see Upollo continue to grow as it builds truly incredible products that address the key needs of subscription-based businesses,” he said.
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.
