Genero, the creative technology platform which already counts Ashok Jacob’s Ellerston Capital on its register, has added $5 million to its coffers in an Ad Astra-advised funding round, Street Talk can reveal.
Melbourne’s Acorn Capital, which specialises in emerging companies, delivered the cash injection from a combination of its private opportunities and expansion funds in an effort spearheaded by investment director Andrew Burt. Proceeds of the raise will be used to turbocharge Genero’s global growth and develop its technology platform.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
