Herbert Smith Freehills’ Venture Capital team has advised Infravision Holdings Pty Ltd on its A$36 million (US$23 million) Series A capital raise.
The round was led by American investor Energy Impact Partners, with support from notable international investors Equinor Ventures and Edison International.
This new capital will be employed to fund the continued rapid growth and expansion of the company into international markets including North America.
Infravision is an Australian technology company that specialises in aerial robotic systems for the transmission industry. Infravision’s TX System is the world’s leading drone enabled power line stringing system. The company is also developing a proprietary drone installed Dynamic Line Rating system for intelligent grid monitoring and capacity uprating.
The Herbert Smith Freehills team was led by partner and Co-Head of Venture Capital Elizabeth Henderson, senior associate Adam Ong, and solicitor Emma McQuaid, working across the firm’s Sydney and Melbourne offices.
