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Zetifi completes $12m Series A capital raise
Connectivity start-up Zetifi has been advised by global law firm Allens on its $12 million Series A capital raise, led by investors Telstra and GrainCorp.
Jerome Doraisamy
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Firm: Allens (Zetifi).
Deal: Zetifi has completed a $12 million capital raise, led by investors Telstra and GrainCorp and with participation from existing investors, including Cultiv8 Funds Management, GrainInnovate and Artesian.
The new funding, Allens said in a statement, “will allow Zetifi to scale up manufacturing to bring its solutions to the mass market, double its software and product teams, and explore expansion to the US market in the next 12 to 18 months”.
Area: Corporate.
Value: $12 million.
Key players: The Allens team was led by partner Jessica Mottau (pictured), who was supported by managing associate Dominic Anderson, senior associate Madeleine Hunt, and associate Erica Tan.
Deal significance: Speaking about the raise, Zetifi chief executive Dan Winson said: “The support of the Allens team has been crucial throughout this process. We are looking forward to a busy year ahead as we continue helping the ag sector take advantage of digital technology and automation through connectivity.”
Ms Hunt added, “We are very pleased to have had the opportunity to work with Zetifi on this important capital raising, which demonstrates the continuing opportunities for innovative companies to digitalise the agriculture sector.”
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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