Herbert Smith Freehills' private equity and venture capital team has advised High Earth Orbit Robotics on its seed capital raise.
This new capital will be employed to fund the continued growth and expansion of the company including the launch of HEO Inspect, a satellite inspection product
HEO Robotics is an Australian company and the world's first commercially operating in-orbit inspection company. Its technology enables high quality imagery and monitoring of valuable space assets and space situational awareness.
The Herbert Smith Freehills team was led by partner and Head of Venture Capital Peter Dunne and Co-head of Venture Capital (Australia) Elizabeth Henderson, together with solicitors Raj Mathew and Myra Beal working from the firm's Sydney and Brisbane offices.
Elizabeth Henderson said, "It was a pleasure to work with such a talented and innovative team at HEO Robotics and to see Australian technology talent and know-how gaining momentum on the world stage. Congratulations to the company on this huge achievement."
HEO Robotics co-founder and CEO Dr. William Crowe said, "It was great to know that the HSF team were there when we needed them."
This deal is another example of Herbert Smith Freehills' market-leading work in Australian venture capital raisings. Other recent examples include:
- Linktree on its US$45 million Series B capital raise;
- SafetyCulture on its A$99 million Series C2 capital raise and secondary sale based on a A$2.2 billion valuation;
- Deputy Group on its A$111 million Series B capital raise;
- Kasada on its A$15 million Series B capital raise; and
- Culture Amp on its A$120 million Series E capital raise.
