- Bevan Slattery, the founder of NextDC and PIPE Networks, bankrolls and shows interest in intelliHR, the listed HR software microcap.
Bevan Andrew Slattery, an Australia-based entrepreneur and a well-known name in the tech industry for incredible work in the data and telecommunications business, is interested in investing USD 2.5 million into an HR tech company as a part of larger equity raising activity.
Listed at number 14 on the BRW’s list of Australia’s top 100 wealthiest people under 40 in 2011, Slattery is still a chairman at ASX listed companies Megaport and Superloop.
On August 4, 2020, intelliHR shares experienced a trading halt.
intelliHR is an Australia-based HR tech company involved in developing and dealing with cloud-based people management software.
More about intelliHR
Apart from the funds raised on Tuesday (August 4, 2020), intelliHR had a market capitalization worth USD 14 million. And the list of the company’s major stakeholders is CEO Robert Bromage and Colinton Capital Partners, a private equity manager based out of Sydney.
A raise of an additional USD 3 million is expected from existing shareholders via a rights issue.
More on the investment front
Slattery’s presence on the share register of the company can potentially prompt fund managers to show interest in the company. Based on the past, a number of investors have made money along with Slattery, and the names include Megaport, NextDC, Superloop, and PIPE Networks.
intelliHR is the second name that Slattery has funded in two months. First in the list was Pointerra, a 3D mapping company, which received funds worth USD 2.5 million from Slattery.
On the trading front, Pointerra shares were at 5 cents in June 2020, but on August 4, 2020, the stock was trading at 20 cents.