Felix Group Raises A$16 Million to Acquire Nexvia, Accelerating SaaS Expansion in Construction Sector

Felix Group Holdings has secured approximately A$16 million through a fully underwritten two-tranche placement, plus a $1 million share purchase plan (SPP), in order to fund the acquisition of Brisbane-based SaaS business Nexvia. The deal is designed to accelerate Felix’s strategy to monetise its Vendor Marketplace, with Nexvia bringing pro-forma annual recurring revenue (ARR) of ~$11.9 million and significant upside via integration synergies.  

Analysis:

• Company & Sector Context: Felix is a technology company with a. . .