Australian tech entrepreneur Simon Hackett has become a cornerstone investor in an ASX-listed small-cap mining firm White Star Resources, which in turn is being used as a vehicle to acquire geospatial mapping firm Spookfish.
Hackett, who sold Internode to iiNet for $105 million in 2011 and later served as a director, joins Hoperidge Capital, Brent Stewart and Tony Grist as a cornerstone investor in the deal, with the venture having commitments to raise $5 million in capital.
Spookfish is currently undertaking final testing on its aeroplane-mounted geospatial mapping system, which integrates camera systems, data storage, processing and flight operations. It is planning a commercial release next year.
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The company claims the technology can provide aerial imagery with significantly improved resolution, accuracy, cost effectiveness and consistency than its rivals.
The deal is the latest in a string of investments from Hackett, which include BlueChilli, graphite miner Oakdale, battery storage firm RedFlow, electric vehicle venture EV Race Systems, cloud-based ecommerce firm UltraServe and aviation software developer AvSoft.
“Simon Hackett has vast experience in the technology sector and can add significant value to Spookfish as it evolves to become a major player in the global geospatial industry,” White Star executive director Jason Marinko said.