Tech firm once valued at $50m shuts down
Jessica SierNorth Asia correspondent
Key Points
- Why it matters: Haventec shared similar backers to one-time tech darling Nuix
- But the security firm failed to raise $3m after Macquarie declined to re-invest
- Haventec’s valuable intellectual property has been separated from its operations
Haventec, a provider of password-less cybersecurity systems founded by former Nuix chairman Tony Castagna, has closed after failing to raise fresh financing, but not before splitting out its intellectual property.
Macquarie was one of a slew of investors that knocked back the chance to invest in a $3 million capital raise, forcing management to lay off all staff and appoint liquidators this month, according to a letter to shareholders.
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