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Persuit secures US$20m capital raise
Software service platform Persuit has been advised on its latest capital raise by international law firm Herbert Smith Freehills.
Lauren Croft
Firm: Herbert Smith Freehills (Persuit).
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Deal: HSF advised Australian software service platform Persuit on its US$20 million capital raise, led by OpenView Venture Partners.
Value: US$20 million
Area: Tech, venture capital
Key players: The Herbert Smith Freehills team was led by partner and head of venture capital Peter Dunne, co-head of venture capital (Australia) Elizabeth Henderson, and solicitors Katherine Duong, Roy Carbone and Taseen Rafi, working across the firm’s Sydney and Melbourne offices and working with associated tax practice Greenwoods & Herbert Smith Freehills, led by partner Toby Eggleston.
Deal significance: Persuit is an Australian company that provides a private marketplace for corporate legal services – and will use the new capital to fund their continued rapid growth and expansion.
Peter Dunne said: “We were pleased to work with the Persuit team on this important capital raise that will enable the company to continue building its business and expand its offering.
“This transaction is testament to the success of this Australian company on the world stage.”
