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by Legal Desire
12 October 2026

Herbert Smith Freehills Kramer advises HEO on its US$25million Series B capital raise

Advising firms

Deal team

4 lawyers named
LawyerFirmSeniorityPracticeOffice
Elizabeth Henderson Lead Herbert Smith Freehills Kramer Partner Venture and Growth Capital Australia
Roy Carbone Herbert Smith Freehills Kramer Senior associate Not stated Not stated
James Webb Herbert Smith Freehills Kramer Not stated Not stated Not stated
Belinda Reilly Herbert Smith Freehills Kramer Not stated Not stated Not stated

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Stated terms

Stated value
USD 25m (US$25 million)
What the figure measures
Issue size
Client
HEOIssuer
Counterparties
Beaten Zone Venture Partners (Investor)
National Reconstruction Fund (Investor)
DCode Capital (Investor)
Wunala Capital (Investor)
Airtree (Investor)
Salus Ventures (Investor)