Addisons advises BaseUp on its seed+ fundraising

Law firm Addisons has advised BaseUp on its recent $4.25m funding round.

BaseUp operates a dynamic parking management platform, which enables organisations to optimise the use of parking assets and monetise unused parking spaces.

After raising a seed round in early 2020, BaseUp completed a $4.25m seed+ funding round in July 2022, led by VC Marbruck Investments.

The Addisons team advising BaseUp was led by Kieren Parker, Managing Partner, with support from Rebecca Dooley, Senior Associate, and Max Jamieson, Solicitor.

Kieren Parker said, “BaseUp has been gaining real traction in the past 12 months, signing a number of blue-chip corporate and government clients in Australia and expanding its operations to the US, and now closing a seed+ funding round. Congratulations to co-founders Alex Peck, Jack Perkins and Peter Carey, and we are excited to see what the next 12 months holds.