Herbert Smith Freehills advises Brainfish on A$3.85 million capital raising

Herbert Smith Freehills’ Venture Capital team has advised Brainfish on its A$3.85 million Series Seed capital raise.

The round was led by Peak XV Partners’ Surge, with contributions from Macdoch Ventures, Black Sheep Capital, Justus Hammer (CEO of Mad Paws), and several angel investors.

This new capital will be employed to fund the continued rapid growth and expansion of the company.

Brainfish is an Australian company that specialises in delivering seamless customer experience solutions by harnessing the power of natural language processing. Brainfish’s ground-breaking AI technology transforms the way that customers and businesses interact globally, by providing instant answers to customer service queries in any language, and uplifting and enhancing customer support agents.

The Herbert Smith Freehills team was led by partner and Co-Head of Venture Capital (Australia) Claire Thompson, senior associate Adam Ong and solicitor Samuel Goodear.

Claire Thompson said, “It was a pleasure to work with the founders, Daniel and Ajain, and the team at Brainfish. This milestone capital raise will assist Brainfish to continue to grow its team as it expands into new markets.”

Daniel Kimber, CEO of Brainfish, said, “Claire and the team at HSF have been fantastic to deal with, and supported us throughout the process of completing a landmark capital raise for our company that will help accelerate our growth both domestically and worldwide.”

This deal is another example of Herbert Smith Freehills’ market-leading work in Australian venture capital raisings in the emerging tech sector. Other recent examples include:

• Mr Yum on its A$89 million Series A capital raise
• Linktree on its US$110 million capital raise in 2022 at a valuation of US$1.3 billion.
• Deputy Group on its A$111 million Series B capital raise
• Who Gives A Crap on its A$41.5 Million Series A capital raise
• Carma on its US$52 million Series A capital raise