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Delegate Connect advised on Series Seed capital raise
Global law firm Herbert Smith Freehills has advised Delegate Connect on its Series Seed capital raise.
Emma Musgrave
Firm: Herbert Smith Freehills (Delegate Connect).
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Deal: Delegate Connect has been advised on a Series Seed capital raise. The round was led by AirTree Ventures.
Value: $10 million.
Area: Private equity, venture capital.
Key players: The Herbert Smith Freehills team was led by partner Adam Charles, co-heads of venture capital Elizabeth Henderson and Claire Thompson, senior associate Nicolas Lee, and solicitor John Slater.
Deal significance: Delegate Connect is an Australian company that provides virtual event and hybrid event platform solutions, creating an engaging and interactive event experience for every attendee, online and on-site.
As per a statement from HSF, this new capital “will be employed to fund the continued rapid growth and expansion of the company, including opening a US office, as well as further product development and enhancing the hybrid and virtual event experience on the platform”.
Commenting further, co-lead partner Adam Charles said: “Delegate Connect is a remarkable example of an Australian business that’s thrived helping its clients navigate the disruption of COVID-19”.
“In the last 18 months, it has established itself as a leader in event technology by providing a world-class alternative to face-to-face events. We’re excited to watch its founders and management lead Delegate Connect into its next phase of growth.”
Senior associate Nicolas Lee added: “It was a pleasure to work with the founders, Jordan and Jacob, and the team at Delegate Connect. This milestone capital raise will assist Delegate Connect to continue to grow its team as it expands into new markets”.
