Herbert Smith Freehills Kramer Advises Investible On Its Investment Into National Renewable Network’s A$17M Series A Capital Raise

Herbert Smith Freehills Kramer's (HSF Kramer) venture capital team has advised Investible on its investment into National Renewable Network's (NRN) A$17 million Series A capital raise. Investible was a lead investor in the raise.

Investible is an early-stage venture capital firm backing founders from the start of their growth journey and with a dedicated focus on high-growth technology enabled companies with a positive climate impact. NRN's platform allows energy retailers to offer customers solar and battery systems without upfront costs or maintenance fees, with the aim to make the transition to renewable energy simpler and more affordable.

Investible's backing of NRN's Series A round is its third investment in the company, having first invested in NRN's seed round in early 2024.

In addition to the A$17 million in equity funding, which will be used to scale its capabilities, NRN also raised $50 million in debt funding which will help fund solar and battery system installations.

The HSF Kramer team was led by partner and Co-Head of Australia Venture & Growth Capital, Elizabeth Henderson, working with senior associate, Roy Carbone, solicitor Devlin Greatbatch Murphy, and graduate Lucca Rolim.

Elizabeth Henderson said, "We were delighted to work with the team at Investible on its lead investment in NRN. Congratulations to NRN, its founders and team on reaching this significant milestone."

This deal is another example of HSF Kramer's market-leading work in Australian venture capital raisings in the emerging tech sector. Other recent examples include:

• Lyrebird Health on its $12 million capital raise at $50 million valuation
• Brainfish on its $10 million pre-Series A capital raise
• Blinq on its US$25 million Series A capital raise
• WeMoney on its A$12 million Series A capital raise
• Constantinople on its A$50 million Series A capital raiseand A$32 million Series Seed capital raise
• SafetyCulture on numerous capital raises and secondary sales including its A$165 million Series C3 capital raise
• Linktree on its US10.7M capital raise in 2020, its US$45M capital raise in 2021and its US$110M capital raise in 2022 at a valuation of US$1.3B.
• Mr Yum on its A$89M Series A& A$11M post-Seed capital raises
• Slice on its A$7.5 million Series Seed capital raise led by Peak XV Partners and a A$10 million debt facility from Roadnight Capital
• Culture Amp on its A$120 million Series E capital raiseand A$135 million Series F capital raise and secondary sale
• Who Gives A Crap on its A$41.5 Million Series A capital raise