Coghlan Duffy + Co advises Montu on record equity crowdfunding campaign

20 October 2020

Melbourne-based medicinal cannabis company, Montu, has created Australian crowdfunding history by being the fastest stock to reach its minimum target. Montu raised a record $300,000 in 59 minutes and $1 million in 36 hours. The crowdfunding offer remains open until 5 November 2020 and Montu is well on the way to raise a maximum of $2 million via crowdfunding platform, Birchal.

Coghlan Duffy + Co were delighted to act for Montu on this ground-breaking capital raise. The CD + Co team was led by Director, John Coghlan, and Lawyer, Marcus Triado.

Founded in 2019, Montu’s vision is to become a trusted prescription medicine partner to Australian doctors and enable patients to readily access medicinal cannabis treatments. Montu is already making significant strides, by rapidly expanding its network of doctors and growing its revenue at a rate of 40% month on month. The funds raised will be used for accelerating its expansion across Australia and New Zealand.

For more information about this transaction, please refer to Montu’s crowfunding campaign on Birchal, as well as articles on Business Insider and Stockhead.

For further information, contact:

John Coghlan | Director
T: +61 3 9614 2444  
E: jcoghlan@cdandco.com.au

Coghlan Duffy + Co is a boutique corporate and commercial law firm based in Melbourne, serving clients from ‘idea to IPO’.

The firm is proud to provide legal strategies and solutions to an enviable list of clients, including prominent Australian start-ups and ASX-listed companies.

A: Level 42, Rialto South Tower, 525 Collins St VIC 3000
T: +61 3 9614 2444
W: cdandco.com.au

Coghlan Duffy + Co advises Drawboard on $9M capital raise for US expansion

1 April 2020

Melbourne based start-up, Drawboard, recently released details of its $9M capital raise to facilitate its growth and expansion plans in the US. The investment round was led by US-based VC fund, Blackhorn Ventures and was supported by Steve Baxter’s TEN13.

Coghlan Duffy + Co were delighted to act for Drawboard on this strategic and important capital raise. The CD + Co team was led by Director, John Coghlan, Senior Associate, Zain Kazi and Lawyer, Carolin Darmanin.

Drawboard’s vision is to replace pen and paper, reduce waste and encourage sustainability. With more than one million global users and clients such as Santos and AECOM utilising its two software products, the funds will allow Drawboard to capitalise on broader opportunities in international markets.

Drawboard’s founder, Alistair Michener said in connection with the transaction: ‘this capital raise allows us to grow our presence in the Australian and US markets. The need for remote access and digital collaboration on documents and the movement towards a paper-less office environment is ever-growing – the recent health crisis has forced many businesses to consider how they may be able to work remotely more effectively.’

Speaking about the raise, John Coghlan said that it represented a ‘significant and exciting step in Drawboard’s evolution’ as the business looks, in particular, to capture more of the lucrative US market. ‘We have had the pleasure of acting for Drawboard for nearly 6 years and, in that time, witnessed firsthand their dedication to creating incredible software’, said John. ‘It is no surprise that they continue to grow from strength to strength’.

For more information about this transaction, see the recent article in the AFR.

For further information, contact:

John Coghlan | Director
T: +61 3 9614 2444  
E: jcoghlan@cdandco.com.au

Coghlan Duffy + Co is a boutique corporate and commercial law firm based in Melbourne. The firm is proud to work with an enviable list of clients, including prominent Australian start-ups and ASX-listed companies.

A: Level 42, Rialto South Tower, 525 Collins St VIC 3000
T: +61 3 9614 2444
W: cdandco.com.au