Kasada’s A$15 Million Series B Capital Raise


Herbert Smith Freehills advised Kasada on its A$15 million Series B capital raise.

The round was led by US-based cybersecurity specialist venture capital firm Ten Eleven Ventures and joined by Turnbull & Partners. Series A investors CSIRO-backed Main Sequence Ventures and Westpac-backed Reinventure also invested in the round.

Former Prime Minister of Australia, Malcolm Turnbull, and Ten Eleven Ventures Founder and Managing Member, Alex Doll, will join the Kasada Board as new directors.

Kasada, an Australian cybersecurity technology company, was founded in 2015 by Sam Crowther. The company foils malicious threats from login to data-scraping across web, mobile, and API channels. Its category-defining web traffic integrity solution gives internet control and safety back to humans. Kasada onboards in minutes, scales-up to largest enterprises, and delivers ROI across business units.

The Herbert Smith Freehills team was led by Head of Venture Capital Peter Dunne (Picture) and solicitor Myra Beal.

Involved fees earner: Myra Beal – Herbert Smith Freehills; Peter Dunne – Herbert Smith Freehills;

Law Firms: Herbert Smith Freehills;

Clients: Kasada ;

Author: Michael Patrini