Herbert Smith Freehills advises Skip Capital on investment in ZeroCo

Herbert Smith Freehills’ private equity and venture capital team has advised Skip Capital on its participation as lead investor in ZeroCo’s Series Seed capital raise.

ZeroCo is an Australian company that focuses on creating sustainable packaging made from plastic waste pulled from the ocean that can subsequently be refilled. This new capital will be employed to fund the continued rapid growth and expansion of the company.

The Herbert Smith Freehills team was led by partner and Head of Venture Capital Peter Dunne, senior associate Wendy Tian, solicitor Lisa Alderson, and consultant and co-head of Venture Capital (Australia) Elizabeth Henderson.

Lisa Alderson said, “It was great to be able to work with the team at Skip Capital again to facilitate their investment into this incredible sustainable start-up, and to continue to be a part of Skip Capital’s portfolio expansion.”

Adam Cook from Skip Capital said, “We've enjoyed working with the Herbert Smith Freehills team on our investment in ZeroCo. The team was a huge help and we look forward to working together again in the future".

This deal is another example of Herbert Smith Freehills’ market-leading work in Australian venture capital raisings and founder liquidity transactions. Other recent examples include:

• SafetyCulture on its A$60.5 million Series C capital raise and secondary sale;
• Culture Amp on its A$120 million Series E capital raise; and
• capital raises for Verteva (Nano Home Loans), Sonder, Gilmour Space, Nura, Roborigger, Reejig, Elenium Automation, Campaign Monitor, Tyro Payments, Different, Shore Trade, Buckitdream and others.