Prime Capital is delighted to have acted for the shareholders of Truescope in their $6.2m Seed Round

Prime has assisted Truescope in their expansion into the USA, supported via a seed capital raise of AU$6.2million secured from leading venture capital firms Investible and Jelix Ventures, as well as other private investors.

John Croll AM co-founded Truescope with Michael Bade, pitching it as the first “smart media intelligence platform” thanks to its use of cloud-based technology and machine learning to analyse social and mainstream media.

Prime’s deal team was led by Peter Gaidzkar and supported by Jamie Hunter. We wish to congratulate our client on a successful capital raise, and we wish John, Michael and the team at Truescope every success as they pursue their US growth strategy.

Details of the transaction can be found in the attached Australian Financial Review and Startup Daily articles here.

The information in this article contains general advice and is provided by Primestock Wealth Management Pty Ltd (Primestock Wealth) AFSL No. 240277. This advice has been prepared without taking your personal objectives, financial situation or needs into account. Before acting on this general advice, you should consider the appropriateness of it having regard to your personal objectives, financial situation and needs.

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