Herbert Smith Freehills’ expert private equity team has advised on a A$15 million capital raise for Nura – an Australian technology company that develops and manufactures headphones that automatically adapt to a listener’s unique hearing.
Blackbird Ventures led the investment following their investment in Nura’s seed round in 2017. As a result of the A$10 million investment from Blackbird Ventures and at the completion of this round, Nura will have raised approximately A$21 million from investors in Australia, the United States, Singapore and Hong Kong since its inception.
The Herbert Smith Freehills team was led by partner Peter Dunne who was supported by solicitor Claire Bamford.
Mr Dunne said: “Blackbird Ventures’ follow-on investment in Nura highlights the strong interest that investors continue to have in Australian technology companies. We are pleased to have partnered with Nura at an important point in the company’s expansion, following our work with the company in relation to its seed round.”
Blackbird Ventures was advised by K&L Gates.
This deal is another example of Herbert Smith Freehills’ market-leading work in the Australian technology sector. Other recent examples include:
- Gilmour Space Technologies on its A$19 million Series B capital raise;
- KTM Ventures on its investment in cryptocurrency exchange, Independent Reserve;
- Culture Amp on its US$20 million Series C capital raise;
- Expert360 on its A$13 million Series B capital raise;
- URBNSURF on a $28 million capital raise; and
- Deputy on its US$25 million Series A capital raise.