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Solar start-up 5B raises $55m in Series B round
Australian clean technology innovation company 5B has been advised on a $20 million investment from bp ventures as part of its $55 million Series B fundraising.
Jerome Doraisamy
Firm: Gilbert + Tobin (5B)
Area: Venture capital
Value: $20 million (as part of $55 million)
Key players: The G+T team was led by head of ventures Xavier Keary, who was supported by lawyers Muli Zhou and Alexandra Berry.
Deal significance: Mr Keary said: “We are thrilled to have supported 5B in this significant funding round. The investment from bp’s venture capital arm will help 5B to continue its pioneering work in the solar energy space, and we are excited to see the impact it will have on the industry.”
“This is a major milestone for 5B, and we are proud to have been able to assist the founders Chris and Eden and the rest of the 5B team in achieving it.
“We look forward to continuing to support 5B as it grows and develops in the future.”
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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