Karst’s First Capital Raise

Herbert Smith Freehills’ private equity and venture capital team has advised on the first capital raise for Karst.

Karst’s first capital raise has seen investment by Envato co-founders Cyan and Collis Ta’eed, with their stake owned by a charitable trust who will provide returns to an environmentally-focussed charity.

Karst is a producer of sustainable paper products made from stone.

The Herbert Smith Freehills team was led by partner and Head of Venture Capital Australia, Peter Dunne (Picture), and consultant, Elizabeth Henderson.

Involved fees earner: Peter Dunne – Herbert Smith Freehills;

Law Firms: Herbert Smith Freehills;

Clients: Karst;

Author: Michael Patrini