Menu
GeoOp raises $10 million in private share offering

GeoOp raises $10 million in private share offering

With the round closing, the company now has 280 shareholders including four NZ institutional investors, trades and services market investors and channel partners such as accounting networks, as well as a number of high net worth investors.

NZ-based workforce management company, GeoOp, has raised $10 million in a private share offering that was oversubscribed by more than three times.

“We aimed to raise $8 million and are tremendously pleased to have been able to close the offer at the full amount sought of $10 million,” said GeoOp’s CEO Leanne Graham.

“This funding provides GeoOp with the ability to further reach small and micro trades and services businesses, to make a material impact on how they operate. GeoOp is part of the disruptive mobility shift and the focus for our sales growth efforts will be on international markets, in particular Australia and the US.”

GeoOp sought funding under a private offer from habitual investors and eligible persons. With the round closing, the company now has 280 shareholders including four NZ institutional investors, trades and services market investors and channel partners such as accounting networks, as well as a number of high net worth investors.

Mark Weldon, GeoOp chairman said, “We have had a great capital raising outcome. We are now in the fortunate position of having a strong share register, including a number of value-add investors from our target customer segments in the trades and services sectors, as well as some leading technology and capital market players. Other investors will have an opportunity to invest further in GeoOp after we list the company on the NZAX.”

GeoOp was advised by investment bank Cameron Partners and law firm, Bell Gully. The company's solution, which is available through the Apple App Store, Google Play and the company website, currently has over 4000 paying users across several countries.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags fundingcapital raisingGeoOPprivate share offering

Featured

Slideshows

Reseller News Innovation Awards 2018: meet the top performing partners

Reseller News Innovation Awards 2018: meet the top performing partners

Reseller News honoured the industry’s finest on a standout evening for the New Zealand channel, recognising the achievements of established partners, emerging players and innovative start-ups, in front of over 460 technology leaders in Auckland.

Reseller News Innovation Awards 2018: meet the top performing partners
Champagne Reception kicks off Reseller News Innovation Awards 2018

Champagne Reception kicks off Reseller News Innovation Awards 2018

More than 460 channel leaders came together to toast the top performers of the New Zealand industry, during the opening Champagne Reception at the Reseller News Innovation Awards 2018 - in association with Techbuyer.

Champagne Reception kicks off Reseller News Innovation Awards 2018
Chasing innovation: how Kiwi partners can create a new customer agenda

Chasing innovation: how Kiwi partners can create a new customer agenda

This exclusive Reseller News Roundtable - in association with Rhipe and Microsoft - detailed a blueprint for customer success, outlining the new role of the modern-day partner and wider network in New Zealand.

Chasing innovation: how Kiwi partners can create a new customer agenda
Show Comments