Allens has advised venture capital firm AirTree Ventures on its investment in HEO, an Australian space technology startup whose software, HEO Inspect, provides high-resolution imaging, data acquisition and coverage of objects in space.
AirTree Ventures led the $12 million Series A round alongside new and returning investors, including Salus VC, Y Combinator, In-Q-Tel, David Harding and Steve Baxter.
'We are very pleased to have had the opportunity to work with AirTree on their investment in this space. We are always excited to play our part in investment in the Australian startup ecosystem,' said Partner Dominic Anderson.
'AirTree's investment is a significant milestone for HEO and we look forward to seeing what's next for the HEO team,' said Senior Associate Madeleine Hunt.
Allens Accelerate is a legal practice dedicated to supporting the Australian startup community and providing expert legal advice to investors, startups and corporates.
Allens legal team
Dominic Anderson (Partner), Madeleine Hunt (Senior Associate), Tayla Price (Associate)