Avoka completes capital raising
Financial services digital customer acquisition specialist company, Avoka Technologies Pty Ltd this week announced the completion of an approximately $16 million equity raising from existing institutional and professional investors.
It said the funds raised would be used to support growth plans now underway in Australia, North America and Europe, with a focus on investment and hiring to support current and projected customers.
The company said the latest financing followed a similar equity raising in June, last year.
Avoka, which currently has 220 employees, is undertaking a global expansion program and plans to increase staff numbers by 50 per cent by the end of the current financial year.
Commenting on the equity raising, Avoka founder and chief executive, Phil Copeland said the financing would allow the firm to maintain an aggressive expansion in its technology, sales, partner and customer success organisations.
“We are continuing to expand and hire new employees in our offices in Sydney, Denver, London and Frankfurt,” Copeland said.
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