Spark Capital Led $37.5M Series B Financing of Australian-based Zeller

Gunderson Dettmer represented Spark Capital as it led the $37.5 million Series B financing of Zeller, an Australian alternative business banking application. Gunderson also represented Addition in its follow-on investment in Zeller.

In the announcement of the transaction, James Kuklinski of Spark Capital said, “From our first meeting with Ben [Pfisterer, CEO of Zeller], we knew we wanted to be a part of Zeller. Australia’s business banking landscape is dominated by a small group of incumbents, and is ripe for disruption through simpler, more transparent pricing, best-in-class technology, and better customer service.”

The Gunderson deal team was led by Michael Hacker and included David He and Soo Guo Kai.