Allens advises AirTree Ventures on investment in Australian space tech startup

HEO developed a software that generates hi-res imaging and coverage of objects in space

Allens advises AirTree Ventures on investment in Australian space tech startup

Allens has advised AirTree Ventures on its investment in Australian space technology startup HEO. 

AirTree Ventures led the $12m Series A funding round. New and returning investors participated in the round, including Salus VC, Y Combinator, In-Q-Tel, David Harding, and Steve Baxter.

Allens senior associate Madeleine Hunt described the investment as a “significant milestone” for HEO.

“Our mission has always been to make space activities easier for our customers by leveraging technology, and with the support of Airtree Ventures, we are well-equipped to push the boundaries of what’s possible in non-Earth imaging and space utilization,” Dr Will Crowe, CEO and co-founder of HEO, said in a statement published by SpaceWatch.Global.

HEO developed the HEO Inspect software, which generates high-resolution imaging, data acquisition and coverage of objects in space. The startup announced the completion of the funding round during flagship product event T-Minus.

The startup also officially rebranded from “HEO Robotics” to “HEO” during this event.

The Allens legal team consisted of corporate partner Dominic Anderson, Hunt, and associate Tayla Price.

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