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Sonder secures $16m capital raise
Personal safety and wellbeing support company Sonder has successfully secured a $16 million capital raise with assistance from Herbert Smith Freehills.
Naomi Neilson
Firm: Herbert Smith Freehills (Sonder)
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Deal: BigLaw firm Herbert Smith Freehills (HSF) private equity and venture capital team has advised Sonder on its $16 million capital raise.
Value: $16 million.
Area: Venture capital raisings.
Key players: The team was led by partner and head of venture capital Peter Dunne, co-head of venture capital Elizabeth Henderson and solicitors Myra Beal and Raj Mathew, who worked across the firm’s Sydney and Brisbane offices.
Deal significance: The round was led by existing investors Perennial and venture capital firm Tidal Ventures, and new strategic investors including Cliff Rosenberg. The new capital will be employed to scale operations.
Founded in 2017, Sonder is an Australian company on-demand personal safety and wellbeing support via a technology-driven platform and physical responder network.
Ms Henderson commented: “It has been a pleasure to work with Sonder, its founders and management over the past few years as the business has grown from strength to strength. We are delighted to see it achieve such an important milestone with its most recent capital raise.
“Sonder’s offering combines technology innovation and digital delivery with old-fashioned human support to create a unique offering that is helping people live their best lives.”
