The round was led by Blackbird Ventures with participation from Larry Diamond, TEN13, Reinventure, Tinder founder Justin Mateen, scout fund Accel Ventures and others.
Instant is an Australian tech start-up that seeks to create the world’s easiest online payment experience. Instant’s vision is to become the central checkout for all customers so that when they pay or make a transaction online, the platform automatically recognizes them on its network and enables a one-click checkout experience every time. In addition, Instant will offer a commerce product marketplace for merchants, including ecosystem-based fraud detection and operational automation.
This new capital will be used to finance the growth and expansion of the company.
The Herbert Smith Freehills team was led by Co-Head of Venture Capital (Australia) Peter Dunne and lawyer Katherine Duong, supported by Co-Head of Venture Capital (Australia) Elizabeth Henderson.
Katherine Duong said, “We had a lot of fun working with the Instant team on their pre-seed boost. Instant has generated a lot of investor interest so far and after working with the team, including the incredible founders Liam Millward and William Gao, it’s not hard to see why so many investors are interested in support them. We are honored that Instant chose to partner with us early on in their growth, and we look forward to another exciting year alongside them. »
Instant co-founder and CEO Liam Millward said, “Our experience working alongside and with HSF has been nothing short of amazing. Communication is always seamless and the speed at which they work is next level. We’re excited to continue working with Peter, Katherine and Elizabeth moving forward as we set out to bring a simple, frictionless checkout experience to every transaction in the world.
This deal is another example of Herbert Smith Freehills market leading work in Australian venture capital raisings. Other recent examples include:
- Who Gives a Crap on Its A$41.5m Series A Capital Raise
- SafetyCulture in its A$90m Series C2 capital raise
- Deputy Group in its A$111 million Series B capital raise
- Culture Amp in its A$120 million Series E capital raise and A$135 million Series F capital raise and secondary sale
- Linktree in its US$10.7 million Series A and US$45 million Series B fundraising rounds