Australian construction industry software maker HammerTech has sealed a $105 million investment from Californian private equity firm Riverwood Capital, as it looks to expand its US and European operations.
HammerTech is the first Australian company to be backed by Riverwood Capital, a Menlo Park-based private equity player which last year closed a $US1.8 billion fund to back high-growth technology companies.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
