Microstructure printing company MicroTau IP has been advised on a boost to its seed fundraising by Addisons.
Firm: Addisons (MicroTau IP)
Deal: MicroTau, which fabricates microscopic patterns inspired by nature to reduce drag and to produce other beneficial properties for applications in industries such as aerospace, shipping and healthcare, has completed a $5.62 million seed fundraising round, which will enable it to accelerate the development of its technology.
The lead investor in the fundraising was the Clean Energy Finance Corporation (CEFC).
Area: Capital markets
Value: $5.62 million
Key players: The Addisons team advising MicroTau was led by Addisons managing partner Kieren Parker and supported by senior associate Rebecca Dooley and solicitor Max Jamieson.
Deal significance: Speaking about the fundraising, Mr Parker said: “Congratulations to Henry Bilinsky and the team at MicroTau.
“With funding and support from CEFC and the team at Virescent, alongside other venture capital funds and tech investors, MicroTau is well positioned develop its cutting-edge Australian technology for global markets.”