Sonder secures $16m capital raise
Sonder secures $16m capital raise
15 June 2021 • By Naomi Neilson
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Deal: BigLaw firm Herbert Smith Freehills (HSF) private equity and venture capital team has advised Sonder on its $16 million capital raise.
Value: $16 million.
Area: Venture capital raisings.
Key players: The team was led by partner and head of venture capital Peter Dunne, co-head of venture capital Elizabeth Henderson and solicitors Myra Beal and Raj Mathew, who worked across the firm’s Sydney and Brisbane offices.
Deal significance: The round was led by existing investors Perennial and venture capital firm Tidal Ventures, and new strategic investors including Cliff Rosenberg. The new capital will be employed to scale operations.