Congratulations to 1st Group Limited (ASX: 1ST) on its successful capital raising. The placement, managed by TMT Partners, received strong support from new institutional and high net worth investors. Strong recurring revenue growth and some exciting recent announcements (involving Medibank, St Vincents, Benestar) suggest an exciting future for the company.
1st Group is a digital health company providing a range of technology solutions to the health services industry in Australia and, in particular, it is a market leader in providing online search, appointment booking and client engagement for the independent optometry, pharmacy and veterinary services sectors.
The transaction highlights TMT Partners’ commitment to Australian technology disrupters and challengers with great potential. It also builds on the firm’s track record in raising growth capital for TMT sector companies in the public and private markets.