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ABL advises OneVentures on first debt venture investment in Airbnb start-up business

Banking & Finance, Corporate and M&A
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Arnold Bloch Leibler’s Corporate and Banking & Finance teams have advised venture capital firm OneVentures on its debt funding of Airbnb property management start-up, Hometime.

OneVentures is one of Australia’s leading venture capital firms. As reported in the Australian Financial Review, the transaction represents the first investment from its credit fund, having partnered with Viola Credit, Israel's leading private credit fund. 
 
The transaction team included Paul Rubenstein (Partner, Corporate), Nathan Briner (Partner, Banking & Finance), Gavin Hammerschlag (Senior Associate, Corporate), Orley Granot (Senior Associate, Banking & Finance), and Crosby Radburn (Lawyer, Banking & Finance).
 
Nathan Briner commented on the transaction: “We are pleased to have supported OneVentures on this investment. Our team continues to see a strong flow of matters within the venture capital and non-bank lending space and we look forward to working with OneVentures again in the near future following the recent launch of its debt fund.”  
 
Hometime was established in 2016 and provides home owners with a management platform to use when renting out their properties on Airbnb. The service allows users to track their rental income, and also manages additional aspects of the hosting experience, such as guest inquiries and cleaning.

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.

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