Australian cybersecurity company raises Series A with HSF’s help

Herbert Smith Freehills (HSF) has helped an Australian cybersecurity company operating globally raise its Series A funding round.

The $6.5m capital raise for Kasada was led by Main Sequence Ventures, which was joined by Westpac-backed Reinventure Group.

Partner Peter Dunne said that Kasada “is an incredible example of Australian technology talent gaining momentum on the world stage.” He said that HSF enjoyed working with Kasada founder, Sam Crowther, and his team, and being part of the company’s journey.

Dunne, who leads the firm’s venture capital team in Australia, headed the deal team with consultant Elizabeth Henderson.

The deal continues HSF’s work on capital raises for the Australian technology industry. The firm said that it previously advised Elenium Automation on its Series A capital raise, Deputy Group on its $111m Series B capital raise, Nura on its $15m Series A capital raise, Gilmour Space Technologies on its $19m Series B capital raise, Culture Amp on its US$54m Series D capital raise, Expert360 on its $13m Series B capital raise; and URBNSURF on its $28m capital raise.