Deputy’s $80 Million Round Funding

JWS, Herbert Smith Freehills, Cooley and Goodwin Procter advised on the deal.

Institutional Venture Management XVI (IVP) and OpenView acted as lead investors on Deputy Series B round funding.

Announced on 28 November 2018, this is the largest Series B investment in Australia to date involving a total of US$80 million (AU$111 million).

Following completion, IVP will hold approximately 12% of the issued share capital of Deputy (10.2% on a fully diluted basis) and OpenView will hold approximately 17.44% of the issued share capital of Deputy (14.793% on a fully diluted basis).

Deputy’s employee management workflow tool makes scheduling, time sheets, tasks and workplace communication easier for hourly and shift workers.

The JWS team was led by James Rozsa (Picture) and Sophia Bobeff, assisted by Jack Culbertson, Jesse McNaughton, Reynah Tang, Ravi de Fonseka, Luci Mumme, Evan Mentiplay, Rosemary Tedesco, Georgina Xiradis and Lyndal Keevers.

Other firms advising on the investment were Herbert Smith Freehills as Australian counsel to Deputy, Cooley LLP as US counsel to IVP and Goodwin Procter LLP as US counsel to OpenView.

Involved fees earner: Sophia Bobeff – Johnson Winter & Slattery; Ravi de Fonseka – Johnson Winter & Slattery; Evan Mentiplay – Johnson Winter & Slattery; Lucienne Mummé – Johnson Winter & Slattery; James Rozsa – Johnson Winter & Slattery; Reynah Tang – Johnson Winter & Slattery;

Law Firms: Johnson Winter & Slattery;

Clients: Institutional Venture Partners;


Author: Michael Patrini