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BaseUp completes $4.25m funding round

After an initial seed funding round in 2020, BaseUp has now completed a seed+ funding round in a deal worth $4.25 million.

user iconLauren Croft 22 August 2022 Big Law
BaseUp completes $4.25m funding round
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Firm: Addisons (BaseUp)

Deal: Addisons has advised parking management company BaseUp on its recent $4.25 million funding round.


Value: $4.25 million

Area: Capital markets

Key players: The Addisons team advising BaseUp was led by managing partner Kieren Parker, with support from senior associate Rebecca Dooley and solicitor Max Jamieson.

Deal significance:  BaseUp operates a dynamic parking management platform, which enables organisations to optimise the use of parking assets and monetise unused parking spaces.

After raising a seed round in early 2020, BaseUp completed a $4.25 million seed+ funding round in July 2022, led by venture capital group Marbruck Investments.

Commenting on the deal, Mr Parker said: “BaseUp has been gaining real traction in the past 12 months, signing a number of blue-chip corporate and government clients in Australia and expanding its operations to the US, and now closing a seed+ funding round. Congratulations to co-founders Alex Peck, Jack Perkins and Peter Carey, and we are excited to see what the next 12 months holds.”

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