Hamilton Locke advised Yellow Canary, a regtech provider, on a $11 million equity fundraising round led by venture capital firm Parc Capital.
Yellow Canary is a fast growing Sydney-based software business which has developed a proprietary automated platform which enables employers to proactively manage their workforce compliance obligations across employee payments, entitlements, superannuation, and taxes. This platform helps businesses identify and then correct wage underpayments and incorrectly paid entitlements.
The funds raised will be used to super-charge the company’s growth plans, bring forward new product development, and explore international expansion opportunities.
Hamilton Locke advised Yellow Canary on all aspects of the capital raising. The team at Hamilton Locke was led by partner Brent Delaney and assisted by senior associate Joshua Bell and associate Stephen Vrettos.
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