SYDNEY, AUSTRALIA: LegalVision has advised Australia’s leading launch services company Gilmour Space on its successful $61 million Series C round, in what has become the largest private equity investment raised by an Australian space company. 

The successful round, which brings the company’s total funds raised to $87 million, includes US-based Fine Structure Ventures, Australian venture capital firms Blackbird and Main Sequence, Queensland Investment Corporation and Australian superannuation funds HESTA, Hostplus, and NGS Super.

Gilmour Space is a Queensland-based startup that will launch small satellites into space. The company is pioneering new and innovative hybrid propulsion technologies that provide lower-cost access to space, and is on track for its first commercial launch in 2022.

Gilmour Space will use the Series C funds as working capital, to increase its team from 70 to 120 in the next 12 months, and to build a sovereign space manufacturing facility and commercial spaceport in Queensland.

The LegalVision team was led by Georgina Toomey (Practice Leader) and Sophie Mao (Senior Lawyer).

Ms Toomey commented: “It’s a real pleasure to work with Gilmour Space, and to see them achieve such deserved success. It’s exciting to help an innovative company to achieve its goals.”

Gilmour Space CEO and Co-Founder, Adam Gilmour: “It’s fantastic to see the global support for our mission to build and launch lower-cost rockets and satellites to orbit. This new investment will give us runway to launch our first orbital rocket in 2022. LegalVision lawyers Georgina and Sophie were instrumental in making this Series C round a success.”

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Media Contact:
Anthony Lieu (Head of Marketing – LegalVision)
1300 544 755

About LegalVision

LegalVision is a market disruptor in the commercial legal services industry. Their innovative business model and custom-built technology assist their lawyers to provide a faster, better quality and more cost-effective client experience. LegalVision is a leader in delivering legal services in Australia and New Zealand and has assisted more than 150,000 businesses. The firm was named the fastest growing law firm in the Asia-Pacific by the Financial Times.