Lead partner says capital raise is a “clear vote of confidence” in startup’s vision
International law firm Ashurst has advised fintech startup Brighte on its fourth equity capital raising, helping it secure $15.5 million from a suite of investors led by AirTree Ventures.
Brighte provides credit products that finance the purchase of solar and energy related products. Ashurst has advised Brighte since its foundation in 2015, including on its three previous fundraising rounds in 2016, 2017, and 2018, the establishment of a green-asset backed $20 million debt facility from National Australia Bank, and the establishment of the Brighte Capital securitisation program.
The Ashurst team was led by partner Stuart Dullard, supported by senior associate Samantha Robson and associate Rory McLeod.
“We're delighted to be continuing our strong relationship with Brighte, advising on this successful capital raising,” said Dullard. “Once again, it is a clear vote of confidence in the Brighte team and their vision. The ever-growing prominence of fintechs in Australia opens up new opportunities for business and for customers and Brighte is exceptionally well positioned in the market. It is exciting to advise clients like Brighte who are leading that charge and evolving their business to take advantage of the changing environment.”
