King and Wood Mallesons (KWM) is pleased to have acted for debt collection specialist InDebted on its Series C Capital Raising.
InDebted is the emerging global leader in the debt-collection sector. Their AI-powered solution enables future thinking organisations with a better alternative to traditional debt collection.
The transaction has a total value of $60 million, of which $10 million is comprised of secondary sales. The funding will assist the tech company with further expansion in the United States, Europe and South America.
The KWM team was led by Partner Anthony Boogert, with support from Senior Associate Richard Karaba and Solicitors Iris Lo and Ella Seaton.
Commenting on the deal, Anthony Boogert said:
"We are delighted to have acted for InDebted on this significant capital raising. This is an exciting outcome for InDebted’s business and an endorsement by leading investors in the Australian market of its performance and growth”.
The funding round was led by AirTree Ventures with other investors including Carthona Capital, Reinventure, Perennial, the Australian Retirement Trust, Premier Capital Partners and Second Quarter Ventures.
KWM is a leading advisor in Private Capital transactions and continues to assist clients on significant deals in technology, payments, software and quantum computing.
