Brighte is a significant technology enabled FinTech company that provides on-the-spot online finance for home energy improvements such as solar panels and home batteries.
The Series B fundraising will fund the next phase of growth for Brighte and follows closely from the recent A$20 million debt facility where Ashurst also advised Brighte.
The Series B round comprises of a who's who of Australian investors including:
- AirTree Ventures, one of Australia's leading venture capital funds
- Grok Ventures, the private investment vehicle of Atlassian co-founder Mike Cannon-Brookes
- Skip Enterprises, the private investment vehicle of Kim Jackson and Atlassian co-founder Scott Farquhar
- RH Investments, the Milgrom family's private investment company
Ashurst lead partner Stuart Dullard (Corporate) commented: "We are delighted to have acted for Brighte on its Series B fundraising. The quality of the investors is well-deserved recognition for the business which Katherine McConnell and the team at Brighte have worked so hard to build. We have advised Brighte since its inception and look forward to seeing it go from strength to strength in the energy finance sector."
The team was led by partner Stuart Dullard and included senior associate Samantha Robson with lawyer Rory McLeod (Corporate).
