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WAM Microcap, Bevan Slattery back AUCloud in fresh fund raise

Carrie LaFrenz

Wilson Asset Management lead portfolio manager Oscar Oberg is expecting big things from sovereign cloud services provider AUCloud after backing the micro cap in its pre-float fund raise.

WAM Microcap Fund tipped in $2.5 million via a cornerstone placement. Separately, AUCloud this year has raised nearly $7.5 million via a rights issue, in which serial entrepreneur and founding investor Bevan Slattery took up his full rights.

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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com

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    Original URL: https://www.afr.com/companies/telecommunications/wam-microcap-bevan-slattery-back-aucloud-in-fresh-fund-raise-20200917-p55wh4