NEWS

Allens advises tech company Redbubble on capital raising

By Wendy Rae
Media, Advertising & Marketing Technology Telecommunications

Allens has acted for online creative community and marketplace Redbubble on its $15.5 million capital raising.

The Melbourne-based tech company provides an online marketplace where people can shop for lifestyle products featuring work from independent artists and designers worldwide. In 2014, more than 1.2 million customers shopped on Redbubble and more than 60,000 artists made sales.

The company is anticipating $100 million turnover for 2015.

The Allens team on the matter was led by Partner Wendy Rae.

'It is always rewarding to work with a company that has ambitions to expand and grow their business, as Redbubble does,' Wendy said.

'Getting involved with startups and emerging companies is a real focus of the firm at the moment, as shown by the launch of our Allens Accelerate practice.

'This is a very exciting time to be a startup in Australia.'

Allens legal team

Wendy Rae (Partner – Melbourne), Gadi Bloch (Special Counsel – Melbourne)

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Notes for editors.

Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.