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MicroTau IP completes seed fundraising round

Microstructure printing company MicroTau IP has been advised on a boost to its seed fundraising by Addisons.

user iconJerome Doraisamy 21 June 2022 SME Law
MicroTau IP completes seed fundraising round
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Firm: Addisons (MicroTau IP)

Deal: MicroTau, which fabricates microscopic patterns inspired by nature to reduce drag and to produce other beneficial properties for applications in industries such as aerospace, shipping and healthcare, has completed a $5.62 million seed fundraising round, which will enable it to accelerate the development of its technology.

The lead investor in the fundraising was the Clean Energy Finance Corporation (CEFC).

Area: Capital markets

Value: $5.62 million

Key players: The Addisons team advising MicroTau was led by Addisons managing partner Kieren Parker and supported by senior associate Rebecca Dooley and solicitor Max Jamieson.

Deal significance: Speaking about the fundraising, Mr Parker said: “Congratulations to Henry Bilinsky and the team at MicroTau.

“With funding and support from CEFC and the team at Virescent, alongside other venture capital funds and tech investors, MicroTau is well positioned develop its cutting-edge Australian technology for global markets.”

Jerome Doraisamy

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.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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