News and Views
Transaction & Advisory | September 2022
Lumachain Raises US$19.5M in Series A Funding Led by Bessemer Venture Partners
Alistair Jaque (Partner) and Antony Bull (Senior Associate) represented one of the existing shareholders on its increased investment in Lumachain, an Australian AI platform for the global meat processing industry.
Lumachain raised a total of US$19.5 million in Series A funding led by Bessemer Venture Partners and Main Sequence to support its expansion to the US and scale up its team to roll out the platform to customers globally.
Digital health startup Eucalyptus lands $50 million in its latest funding round
Our Corporate team led by Paul Miller (Partner), Sarah-Jane Sale (Senior Associate) and Sally Yang (Associate) are proud to have advised Australian digital health start-up, Eucalyptus, on its most recent fundraising. High profile investors including Blackbird Ventures, Bond Capital and Woolworths’ W23 venture arm, raised $50 million raising the company’s valuation to $560 million. Despite there currently being a difficult fundraising environment, we are delighted that investors have the confidence in Eucalyptus’ model, which can only bode well for its future.
VISEO acquires Salesforce practice Carnac Group
A collaborative effort by our Corporate team, Alistair Jaque (Partner), Sarah-Jane Sale (Senior Associate) and Steven An (Associate) who acted for VISEO (one of the world’s leading digital transformation companies) on its acquisition of Carnac Group (a Salesforce consulting Partner) in Australia. The acquisition strengthens VISEO capabilities in Australia across the Salesforce services lifecycle.
ASX listed Atturra Limited acquires Hammond Street Developments
An exciting transaction for our Corporate M&A team involving Alistair Jaque (Partner), Simon Correggia (Special Counsel) and Sally Yang (Associate) on the sale of Hammond Street Developments to ASX listed Atturra Limited. It was a great opportunity for our team to collaborate with Pierre Briand and his team at SCD Advisory on this sale