The Australian Emerging Company and Venture Capital team at K&L Gates, led by myself, Simon Leslie, and Nick Ramage along with key team members Luke Paterson, Harry Kingsley and Divesh Patel had yet another stellar year of deals – advising both investors (domestic and international) and investee companies on various transactions throughout the year. Come the year end, we'll have closed over 70 deals in the space this year, busy times indeed.
Some of the highlights include advising:
📌 Q-CTRL, a true leader in quantum infrastructure software, on its US$113m Series B capital raise lead by GP Bullhound with participation from (among others) Main Sequence, Lockheed Martin Ventures, Salus Ventures and DCVC;
📌 Airtree on its Series C investment into global fintech, InDebted;
📌 Blackbird on its Series D round into gold coast based rocket company Gilmour Space Technologies;
📌 Wollemi Capital on its Series A investment into enviro-tech Samsara Eco;
📌 Digital payments business, Fat Zebra, on its investment from Five V Capital together with plenty of other new investments for each of Blackbird, Airtree, Square Peg, Main Sequence, Marbruck Investments, Peak XV Partners, Perennial Better Future, and many others.
The team was also involved in some pioneering fund establishment projects, notably setting up the W23 Global Fund, LP and the Inevitable Games Fund (working with the Immutable and King River Capital teams).
In contrast to 2023, where we saw a number of insider lead rounds, this year has presented some great externally led investment rounds and we have seen plenty of activity for exceptional businesses and investors alike. Many of our deals involved cross border capital flows which has been great to see. The presence of #AI is hard to go past, but we've also seen many deals into #fintech, deep-tech (#robots, #rockets and remote control), #defence, climate/clean-tech, #SaaS and #healthtech to name a few.
As always, many thanks to our clients for their constant support this year, we love each and everyone of you and season's greetings to all.
Here is a short summary of a selection of deals from this year ➡️
#venturecapital #globallawfirm #crossborder
Tack TMI Spain Managing Partner
3moCongratulations Oliver!!!