Venture capital firm Our Innovation Fund has invested in a capital portfolio management company’s $9.4 million capital raise.
Firm: Herbert Smith Freehills (Our Innovation Fund)
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.”
Lauren is the commercial content writer within Momentum Media’s professional services suite, including Lawyers Weekly, Accountants Daily and HR Leader, focusing primarily on commercial and client content, features and ebooks. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications. Born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling.
