find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
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
Scales of Justice
06:04
‘Ego status’ compelled ex-lawyer to defraud $2.97M, court told
Debarred lawyer John Gordon Bradfield told an NSW District Court that he was driven by “ego status...
Australian Lawyers Alliance (ALA), Queensland’s new industrial manslaughter legislation,
06:03
ALA welcomes ‘tough’ Qld manslaughter laws
The Australian Lawyers Alliance (ALA) has welcomed Queensland’s new industrial manslaughter legisl...
Legal podcasts, tune in, microphone
06:00
Legal podcasts you have to tune in to right now
The rise of the internet has hailed in a new dawn for storytelling. Here’s our top pick of podcast...
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 & ...