find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Capital raising for Aus-headquartered tech company completed

Capital raising for Aus-headquartered tech company completed

Mark Burger

One firm has advised technology company Seeing Machines Limited on its multimillion-dollar capital raising.

Firm: DLA Piper (Seeing Machines Limited)

Deal: Seeing Machines Limited has completed a capital raising through a placing and subscription arrangement.

Value: Approximately $25.7 million

Area: Finance

Key players: The DLA Piper team was led by partner Mark Burger (pictured), with assistance from senior associate Dylan Burke.

Deal significance: The fundraising involved the conditional placing of new ordinary shares with institutional investors by finnCap Ltd and an opportunity to certain existing shareholders to raise up to a further £2 million (approximately AU$3.4 million) under an overseas offer and Australian offer.

Headquartered in Australia, with operations in North America, Europe, Latin America, the Middle East and the Asia-Pacific region, Seeing Machines is a leader in intelligent face and eye tracking technology.

Its driver-operator safety monitoring and intervention sensing technology is used worldwide across the automotive, mining, transport and aviation industries.

The tech company’s customers and partners include Caterpillar, Electro-Motive Diesel, Progress Rail, Boeing, Takata, Semco and EyeTracking Inc.

“We are delighted to advise our client Seeing Machines on this latest capital raising, as they continue the ongoing commercialisation of their technology across target markets,” DLA Piper partner Mark Burger said.

“The fundraising will support the company's growing FOVIO automotive business and their multi-sector transportation market strategy.


Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Capital raising for Aus-headquartered tech company completed
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...