Global law firm Herbert Smith Freehills has advised Reejig on its Series A capital raise worth $6 million.
Firm: Herbert Smith Freehills (Reejig).
Deal: Reejig has completed a Series A capital raise. The round was led by Skip Capital with participation from AirTree Ventures and existing Reejig investor Right Click Capital.
Value: $6 million.
Key players: The Herbert Smith Freehills team was led by co-head of venture capital (Australia) Elizabeth Henderson, solicitor Raj Mathew, and graduate Laura Linschoten, working across the firm’s Sydney, Brisbane, and Melbourne offices with the team overseen by partner and head of venture capital Australia Peter Dunne.
Deal significance: Commenting on the transaction, HSF’s Elizabeth Henderson congratulated Reejig’s founders on a “great milestone”.
“Congratulations to Reejig’s founders Siobhan, Mike, and Shujia on this great milestone, which is a testament to their hard work and faith in Reejig’s offering that has seen the business grow from strength to strength,” she said.
“With the challenges and changes impacting the working environment in the past 20 months, there has never been a more important time for organisations to embrace ethical AI in workforce management.”
Commenting further, Reejig co-founder and CTO Mike Reed said: “The last three months have seen our team triple in size, quadruple our customers, and now we are being pulled to the US with top global brands.”
“This recent funding fuels our commitment to helping our customers reach zero wasted potential, as well as supporting this rapid growth of our business in new markets. This was our second funding round in partnership with Herbert Smith Freehills, and we expect to buckle up and do it all again soon! A great team to work with and another seamless raise quickly completed.”