Herbert Smith Freehills Kramer advises OpenSolar on its US$20 million Series B capital raise

Herbert Smith Freehills Kramer’s (HSF Kramer) venture capital team has advised OpenSolar on its US$20 million Series B capital raise.

Leading technology investors including Google, Titanium Ventures and 2150 Sustainability Fund participated in the round together with other investors.

OpenSolar’s platform serves more than 25,000 solar installer businesses in over 160 countries, enabling the accurate and efficient delivery of solar energy solutions and workflow automation through AI technology and leveraging Google’s Solar API data. This new capital will fund the further development of OpenSolar’s AI technology solutions and its global expansion.

The HSF Kramer team was led by partner and Co-Head of Australia Venture & Growth Capital, Elizabeth Henderson, senior associate, Taseen Rafi and solicitor, Zoe Feldman with support from graduate, Melissa Chung and partner Abraham Reshtick, working across the firm’s Australian and US offices.

Elizabeth Henderson said, “Congratulations to OpenSolar and its founders, Birchy and Adam, on this significant achievement. The strong support from global technology investors for its latest Series B round is a reflection of OpenSolar’s dedication to innovation and sustainability that has seen the business reach ever greater heights.”

OpenSolar CEO and Co-founder Andrew Birch said, “We’re pleased to continue our partnership with HSF Kramer with this transaction. Having the right advice and support lets us focus on supporting our users all over the world.”

This deal is another example of HSF Kramer’s market-leading work in Australian venture capital raisings.