Insolvency overhaul announced for small businesses
On 24 September 2020, the Federal Government announced significant reforms to Australia’s…
Hamilton Locke acted for Leap Capital on the financing raised to refinance existing investors and to fund growth initiatives of Brisbane-based real estate technology group Rex Labs.
The successful debt raising by Rex Labs is a positive indication that venture debt continues to be available to emerging Australian growth companies despite the impacts of COVID-19.
Commenting on the transaction, Zina Edwards said: “We are delighted to assist Leap Capital on their second successful venture debt transaction in Australia. It is great to see the venture debt space continue to grow and support Australian businesses as they look to scale up”.