Deal: Australian technology company OwnHome Technologies, whose mission is to turn renters into home owners via a rent-to-own model, has been advised on its $31 million Series A capital raise, led by Square Peg.

Value: $31 million.

Area: Venture capital.

Key players: The HSF team was led by co-head of venture capital in Australia Elizabeth Henderson, as well as solicitors Adam Ong and Esther Adeyinka. The trio were supported by head of banking regulatory in Australia Tony Coburn, as well as a team across the firm’s Sydney and Melbourne offices and associated tax practice Greenwoods & Herbert Smith Freehills, led by partner Toby Eggleston. 

Deal significance: OwnHome co-founder James Bowe said: “We’ve loved working with HSF across a range of topics alongside this capital raise, including the regulatory landscape for alternative paths to homeownership.

“Their counsel has been invaluable on our journey to date. We’re conscious that there’s a lot of work to be done in expanding access to homeownership in Australia and we’re glad to be working with the best and brightest on these topics.” 

Ms Henderson added: “It has been wonderful assisting James, Tim and the OwnHome team on this capital raise.

VIEW ALL

“OwnHome has set out to tackle the big issue of housing affordability and this investment marks an exciting point in the company’s growth. We were honoured to be part of their journey and thank them for trusting Herbert Smith Freehills with guiding them through this raise.”