After an initial seed funding round in 2020, BaseUp has now completed a seed+ funding round in a deal worth $4.25 million.
Firm: Addisons (BaseUp)
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.”
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.
