As reported in the Australian Financial Review, InDebted has raised $10 million through a mix of venture debt and equity, which has assisted InDebted acquire US based Delta Outsource in addition to providing growth and working capital. This is the latest investment made by OneVentures from its Venture Credit Fund, a collaboration with the world-leading venture credit investor Viola Credit of Israel.
Partners Nathan Briner and Gavin Hammerschlag led the transaction with assistance from lawyer Crosby Radburn and law graduate Isabel Charney.
Nathan Briner commented on the transaction: “We are pleased to have assisted OneVentures on what should be another successful investment in assisting the expansion plans for InDebted and we look forward to working closely with the OneVentures team as they continue to expand their venture capital offering in the Australian market.”
Since the establishment of its venture credit fund in Australia in 2019 (the first of its kind in the Australian market), ABL has advised OneVentures on its numerous venture credit investments, including in 2019 in Airbnb start-up business, Hometime, and in 2020 in retail logistics business Shippit.
About Arnold Bloch Leibler
Arnold Bloch Leibler is a premium Australian commercial law firm renowned for advising clients on their most important transactions, commercial issues and disputes. From offices in Melbourne and Sydney, the firm provides advice to a diverse range of entrepreneurial Australian listed companies, family businesses, high-net-worth individuals and international corporations. The firm also has a dedicated pro bono practice providing advice on social, environmental and cultural issues to more than 150 charitable and not-for-profit organisations.
