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Mastt completes $9.4m capital raise
Venture capital firm Our Innovation Fund has invested in a capital portfolio management company’s $9.4 million capital raise.
Lauren Croft
Firm: Herbert Smith Freehills (Our Innovation Fund)
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Deal: Herbert Smith Freehills has advised Our Innovation Fund (OIF) as lead investor in Mastt’s $9.4 million Series A capital raise.
Value: N/A
Area: Venture capital
Key players: The HSF team was led by co-head of venture capital Elizabeth Henderson and solicitors John Slater and Jane Wang.
Deal significance: Launched in 2019, Mastt provides portfolio and capital management software for major construction projects. This new capital will be employed to fund the company’s continued expansion.
Commenting on the deal, Ms Henderson said: “We’re delighted to have again supported OIF in backing the Australian tech sector. Congratulations to Mastt on a successful raise. We look forward to seeing its next phase of growth.”
