Herbert Smith Freehills advises Blinq on US$25 million Series A capital raise

Herbert Smith Freehills’ venture capital team has advised Blinq on its US$25 million Series A capital raise. The round was led by US-based Touring Capital with co-investors Blackbird Ventures, Square Peg Capital, and HubSpot Ventures.

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

Blinq is an Australian company that provides a digital business card platform and has over 2.5 million users across 500,000 companies.

The Herbert Smith Freehills team was led by Partner and Co-Head of Venture Capital Claire Thompson and Senior Associate Adam Ong, with support from Solicitor Spandan Das, working across the firm’s Melbourne and Brisbane offices.

Claire Thompson said, “We have loved getting to know Jarrod and the Blinq team over the last few years and the success of this round in an evolving funding market is a testament to the quality of the company he has built.”

Founder and CEO of Blinq, Jarrod Webb said, “We’re incredibly proud to have closed this significant funding round, which reinforces the strength of our vision and the momentum behind Blinq. We’re grateful to Claire, Adam and the team at Herbert Smith Freehills for their expert guidance throughout the process. Their support has been instrumental to our success.”

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

• SafetyCulture on its A$60.5 million Series C1, A$99 million Series C2 and A$165 million Series C3 raises
• Deputy Group on its A$111 million Series B capital raise and its strategic investments from Xero and Express Employment Professionals
• Brainfish on its Seed funding round.
• Headline on its investment in Heidi Health’s US$16.6 million Series A extension round.
• Updoc on its A$20 million investment from Bailador.
• Linktree on its US$110 million capital raise at a valuation of US$1.3 billion
• Culture Amp on its A$120 million Series E capital raise and A$135 million Series F capital raise and secondary sale